USDCAD managed to break its resistance level @1.3310 as we start to see USD regaining strength. Also, a price retest to the broken resistance level (which is now a rather strong support level) shows us that the BULLS is not yet stopping. If so, USDCAD is heading back in trend moving back to a broken trend support (Green Line) where I will be targeting as of now. There is also a resistance level where USDCAD must break as its head back in trend. From a fibonacci point of view, we will be seeing a 50.0 fib level retracement for now and if can see an important breakout from there price movement should be heading for 61.8 and above price level. For now, a long trade opportunity is valid however do take note when price heads closer to the broken trend support (resistance zone).
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