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aud/cad was in a bearish channel while testing resistance as well. Hoping price will go lower.
Price has already broke the ascending trendline and ma's have crossed over in the 4hr/1hr timeframe so get ready to start placing trades.
Price on the FX:EURCAD may have made a higher low. My bias on this pair is long
FX:USDCAD looks to be stalling at support.
I will be looking to get long.
Looking to short this pair, following the weakness we saw from NFP, technicals point to the downside. A rising wedge which is being squeezed by its throat and some bearish PA.