FX:USDCAD U.S. Dollar/Canadian Dollar
The USDCAD pair is showing short-term momentum as it approaches the key 1.3000 level and the descending . Should the break of the occur we'll likely see a re-test of the recent around 1.3050. If we see strong rejection of that level it might be a good opportunity to go short and target the 1.2850 area. Worth reminding everyone that tonight Canada might see a new gov't forming that may have a negative impact for the Canadian dollar .