USDCAD — Range Near Resistance

 

Structure

Range / Transition — Price continues to operate within a broad range following recovery from the structural base.

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Location

Currently positioned near the upper boundary of the range, just below the resistance zone (1.45–1.48).

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Key Zones

• 1.45–1.48 → Resistance Zone
• 1.38–1.40 → Pivot Zone (Current Interaction)
• 1.25–1.28 → Support Zone
• 1.00–1.10 → Structural Base

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Behaviour

Price is showing range behaviour while approaching resistance.
There is no clear expansion yet, and the move reflects proximity to supply rather than acceptance.

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Continuation

Acceptance above the resistance zone would indicate expansion beyond the current range.

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Invalidation

Rejection near resistance may lead to rotation back toward the pivot zone, maintaining range structure.

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Probability

Neutral — market remains in a decision phase within range.

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RAJ – Market Structure Analyst
Structure → Level → Trigger → Probability

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Disclaimer

This content is for educational and informational purposes only.
It reflects structural analysis and not investment advice.
Markets are uncertain—manage risk independently.

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https://www.tradingview.com/chart/USDCAD/hVDH5bFb-USDCAD-Range-Near-Resistance/