USDCAD is moving towards a line of 1.4345 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USDCAD continues in its current trajectory, we may see it move towards 1.4345 within the next 19 hours.
Target: 1.4345 Entry: 1.4307 Stop: 1.4288

