As a lot of new will be release for the CAD and USD in the next 40 min. I have come up with two possible scenarios for the currency.
Scenario 1 is in the case of a full upward breakout, with a .
Scenario 2 is in the case of a full downward breakout.
Both of them have a downward overall target level.
note: the target level will be no longer target for scenario 1 in the case of an establishment of a new high!
I have left the market prediction neutral because of the both daily trend possibilities.