USDCAD is expected to move up to 1.31400 because it has just bounced off one of the intraday support levels. It will either move up now or will go back to retest the zone(rectangle) beneath it before moving up.
Trade closed: target reached
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USDCAD has reached our target which is 1.31400. The movement was so fast that the current candle made a significant move before I was done posting the idea but I entered the trade before that.