FX:USDCAD   U.S. Dollar / Canadian Dollar
Been short the USDCAD for a while now as the pair can only make higher lows since rejection at 1.1385.

Triple top with the third created by a quick pop in the dollar index , but price action sputtered out in overbought territory on the RSI . I tried to post sooner but price action just collapsed quicker than I could post.

Looking for 1.1150 by end of the week, while my one month target is 1.11 as seen here:


Related Ideas

Intermediate target of 1.1150 complete, one month target of 1.11 in reach
Weekly target looks like it won't be completed unless a 50 pip drop, but sentiment still looks negative. More than likely, we'll see 1.1150 by next week unless US data is gangbusters - and all we need is cool headlines.
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