USDCAD SHORT

X marks the Spot.
For a Bullish Price Action, I still expect more UPside this week on the Loonie with final Target at 1.38000.
We may experience some BUYing around the 1.32900 region. I expect this to be short-lived.

For a Bearish Price Action, I will be looking to open a SELL position at 1.38000.
1st Target at 1.27800
2nd Target at 1.25400
3rd Target at 1.22400
4th Target at 1.20700

I am neutral on this pair this Week UNTIL 1.38000 is hit OR price shows a reversal.

Comment:

I'm not interested in SELLing this pair just yet...UNTIL I see a clean break and close below 1.32800. I may be interested in opening a SELL position if/when we hit 1.38000

Comment:

Update...I will be looking to open a SELL position at 1.32900.
1st Target at 1.27800
2nd Target at 1.25400