USDCAD Medium term Trendline break

USDCAD managed to break the medium term trendline that acted as a springboard from October. As long as we get a close below the trendline we target previous swing lows at the 1.3379 area and then support at 1.3300-1.3266 area. Please have a look at the related idea for a longer term possible outlook. A close above the downward sloping trendline means trouble for shorts

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Inside day formed yesterday. A break below yesterday's low or above yesterday's high should see some follow through for a day trade. Longer term levels are the trend line above and swing lows coming in at 1.3266

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Broke Inside Day lows

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USDCAD coming into area of support. Should be stops below 1.3265 (previous swing low)

Trade geschlossen: Ziel wurde erreicht:

Pre-NFP target hit

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PA slowed down right inside the area of support. A clean break lower should target the lower bound of the channel

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USDCAD tagged lower bound of the channel as discussed and bounced into previous support area(now resistance area)