yin888

More downside for USDCAD?

Short
yin888 Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD has finally broken out of a 2+ months range successfully. Will look for short opportunities on H1 timeframe when it re-tests support-turned-resistance trendline. TP will be around next support area at 1.2452-1.2353 as highlighted in blue rectangle box.

NFP on Friday could fuel this downside move or potentially even break past the support area.
Trade closed: target reached:
NFP and CAD data helped this pair reached the target
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