USDCAD looking to break trend line!
USDCAD looking to break its uptrend line. I already posted last week that I was going short with this one and my bias is still the same. My little yellow support line was my decision point that if price broke below it I would be bearish on the pair and thats whats exactly happened. Price actually retested that broken support line and made for a nice resistance. A break and close below that support at 1.3200 is ideal entry with stops around 1.3260. 1.3130 would be first target second targets would be 1.3020 area and ultimately I have my eyes on 1.28. We might take some time to get there but I'm sure thats where this market is heading.
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