Trader_97

DOLLAR/CAD CLOSES IN ON SIGNIFICANT SUPPORTS , ALL EYES ON NFP

FX:USDCAD   U.S. Dollar/Canadian Dollar
13 0 2
USD/CAD has declined sharply after placing a top @ 1.4687 back on JANUARY 20th of this year.Currently seems to be consolidating within the the bearish channel under 1.3450-1.3350 100 pips range....Still however we do have more room to the downside where we find the T.L support from September of 2014 where the major bullish trend began and this could very well play its role if the NFP is to disappoint tomorrow and Dollar slips once more.Alternative scenario would be an early rebound and breakout of the medium term bearish channel in play followed by moves towards the upside @ 1.3600-1.3640 and 1.3850-1.40
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