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USD/CAD - Deciding the direction

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
VanSteenMarketResearch Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Chart Patterns Trend Analysis dollar CAD USDCAD short shortterm tradesetup GDP
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chartpattern trendanalysis dollar cad usdcad short shortterm tradesetup gdp
Fundamentals of yesterday perfectly broke the 1.29 level. After the break there was a visible consolidation; during the US session this day we might see a move, with CAD GDP on the agenda.

If it moves below 1.2830, bearish outlook.
If it moves above 1.29, bullish outlook

Take a look at yesterdays USD/CAD setup:
USD/CAD - Short term bearish outlook
Comment:
Testing the structure now

snapshot
Comment:
Looks like its going bearish
Order cancelled:
Fake breakout: The fundamental risk of CAD GDP pushed this up.

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