=> Below 1.3025 means we will see a test at the more meaningful - the August low
=> To the upside we don't see much opportunity here as resistance at 1.3110 caps the move immediately.
=> Trump has given the narrative of NAFA talks "going well" and naturally Canada will be forced to agree, no matter what Trudeau says....
=> Here CAD is starting to look very heavy and will be forced to devalue to offset the losses in trade via NAFTA.
=> GL all
Additionally, our stochastic shows it testing its support which also contributes to our bullish bias.