FinancialGamblR

USDCAD holds below the 1.36675 level, downward pressure ahead

Short
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Strictly from a technical standpoint, we're seeing the 1.36675 level fail to hold. Price has tried to trade above this level multiple times, but each time it has dipped quickly below it. The initial target is at 1.3515 with a more optimistic outlook down to 1.3384 even. Won't be going too much into how I plan on scaling this trade, but we'll be observing the price action at the initial target to determine if we need to close out.

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