As you can see from the Chart above, USDCAD has a barrier at
1.3370, A failure to breakout of this barrier and trades through 1.3330 will retest 1.3300 area and a breakout of the area will target 1.3250 .On the Upside, If clearly taken out 1.3370 barrier, then the first target will be at 1.3415, then before the second target at 1.3440/50 area. A breakout of 1.3370 is needed to confirm the bullish rally, while a breakout of 1.3300 is needed to confirm the bearish rally.
we will be monitoring the trend development and Price Action ahead of the NFP event release ...stay connected and remember to apply a sound money & Portfolio management..
Do have a wonderful trading moment ahead...
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