Sapphira

USDCAD Potential Long Post NFP 4 Hr

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Price fell hard prior to the NFP release and broke through support to test the monthly sloping trend line. However it bounced back into the channel and remained there until weekly close. Price is now between that previous support/resistance and the monthly support below. Am watching for a possible of test of the level it breached and, if successful, a test of the 4Hr sloping trend line and a long from there. However, a break of the monthly support is also possible, so am watching closely.
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