The USD/CAD is bullish. We can see 1-2-3 breakout as the price is determined to climb up.
The USD/CAD is trying to break above 1-2-3 pattern exactly from the mid ATR pivot. 1.3296 is the breakout point and as long as the price is supported above the channel we could see the target reached. ATR projection target is 1.3325, but due to NFP today we might see 1.3350. Have in mind that the technical trend is bullish, but due to the US NFP and CA Employment data we could see 2-way price action. Break below 1.3285 and we could see 1.3260 to 1.3240.
Many green pips,
Nenad Kerkez aka Tarantula FX