USD/CAD has broken through the neckline of a W pattern and has the look of heading higher.
The price is now above all significant EMA's that are now grouped on the H1 time frame and its the same story on the H4 time frame.
With no significant news until tomorrow's US CPI numbers at 13:30 GMT , there shouldn't anything that would encourage USD/CAD BEARS so the WR1 pivot at 1.3530 looks a reasonable target though we're not likely to get there until well into tomorrow.
STOP is under the recent lows 1.3449.
The price is now above all significant EMA's that are now grouped on the H1 time frame and its the same story on the H4 time frame.
With no significant news until tomorrow's US CPI numbers at 13:30 GMT , there shouldn't anything that would encourage USD/CAD BEARS so the WR1 pivot at 1.3530 looks a reasonable target though we're not likely to get there until well into tomorrow.
STOP is under the recent lows 1.3449.