USD/CAD - Deciding the direction

Fundamentals of yesterday perfectly broke the 1.29 level. After the break there was a visible consolidation; during the US session this day we might see a move, with CAD GDP on the agenda.

If it moves below 1.2830, bearish outlook.
If it moves above 1.29, bullish outlook

Take a look at yesterdays USD/CAD setup:

Kommentera:

Testing the structure now

Kommentera:

Looks like its going bearish

Order avbruten:

Fake breakout: The fundamental risk of CAD GDP pushed this up.