FX:USDCAD U.S. Dollar/Canadian Dollar
Looking for a retest of the channel top near 1.3650 on the back of WTI's thumping. 1.35 is propping up short term dips, and beyond that 1.34-1.3450 will act as a wider range safety net. Wider still is the 20dma currently at 1.3331 which has acted as support since 10/21/2015. Risk reward ratio isn't great right now but odds of the pair marching higher are good if this breakout is real.
Trade closed: target reached