USDCAD downside expected

Traders,

USDCAD is in a down trend for a while. It made a nice .618 retracement to the resistance.
After hitting this level the bulls seams to have trouble breaking out.
Likely to see some more downside.

Best regards

Comment:

Great move we've picked up!
Move stoploss to BE should the price break to the lows ?

Trade closed manually:

Closed position at 90% of target 1 after the "Fed Chair Yellen Testifies" news.
We may get another oppertunnity or a breakout.