As you can see in H4 USDCAD chart, MA50 is strong resistance which the price reject at the point. While in USDCAD chart it was a strong downtrend in this few week, so we are only thinking of short position. Let's see will it reach the next support line 1.316 or not.
Instagram: @logy.trade *No speculate the price, only follow the price. *Always do your own research before placing a trade. The analysis is written depend on analyst own skills & knowledge, difference analyst might have difference opinions.