Tips4Pips
Short

USDCAD SHORT CONTINUATION

FX:USDCAD   U.S. Dollar/Canadian Dollar
The pair looks to be continuing it's downtrend. Our previous post on the pair 251 #pips were banked with the pair hitting out first target. Our second target came close to being hit fortunately we notice it some bullish momentum on lower time frames helping us exit in profit before the pullback we have seen in the last four days. The pair is now trading in a descending channel making lower highs and lows. The current break of the CTL signals the pair may be continuing bearish momentum and on it's way to making it's next new low which is in confluence with our second target @ 1.282272.
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