USDCAD retrace of the last swing lower
USDCAD is retracting the last swing down and is almost reaching 1.3450. This retrace is also a retest of a broken uptrend line; rejection here or a tad higher will lead to a substantial downside to 1.3000. Only a confirmed break above 1.3600 can lead to an alternate scenario which is highly unlikely at this stage.
Note: look for the short trade with the stop loss just above 1.3500
“If you think Investing is risky, wait till you receive a bill for not Investing!” Jim Rohn
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