Market is currently ranging in a down trend. Once we get a clear break and retest of support ill be looking to short this pair.
Markets looks to be making a possible right shoulder. Once done we will go long.
Market is in range must wait for proper breakout before we trade.
USDCAD seems to have created a nice bullish flag. Price has also closed above the grey rectangle and is making it a minor support. My bias is that price will go back and retest the daily support that it broke before another big drop. For now we set a buystop order.
Must wait to see where price breaks out to before entering trade.