USD/CAD: Structure Breakout/Short

USD/CAD: Structure Breakout/Short

The price broke out and closed below an important support zone.

This is increasing the chances of the USDCAD moving lower.
If the price also closes the current 4-hour candle, we can see the bears grow the bearish volume even more.

Tomorrow we also have the NFP Employment data, and the market can anticipate NFP in different ways. Given that the short-term trend is bearish, we could see the price move further.

You may find more details in the chart!
Thank you and Good Luck!

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Trade closed: target reached: