The USD/CAD has performed a bit bearish with a strong momentum down. At this point we see a consolidation.
If the price breaks below 1.3550 again we will see new sellers joining. However, the 1.3600-20 zone needs to stay unscathed for that scenario to develop. Market has been very rangy and very hard to trade this week as there was a lack of real trend momentum. Targets for bears are 1.3520 and 1.3486. If the price makes a close above 1.3620 then we might see 1.3665.
Many green pips,
Nenad Kerkez aka Tarantula FX