ClearEdgeFX
Short

USDCAD - W - ON THE WAY DOWN TO 1.20?

FX:USDCAD   U.S. Dollar/Canadian Dollar
In the short term USDCAD             looks like it'll re-test the support level at 1.2000 but then it's anybody's guess what will happen. A bounce off of support may lead to a break of the descending trendline and another run at the 1.2800 level. On the other hand, a break of the ascending trendline would likely mean a drop to the 1.1400 zone.
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