TRADE: USDCAD TO 1.3080

We have been looking for short opportunities on USDCAD for a while now and our previous trade from the video analysis previously hit targets. The market is now lining up for a potential move lower again working within this weekly channel. Price on the weekly chart suggests we could see further downside back into the key support of 1.3080. Look for a bearish reversal signal here as we do expect the DXY to drop to $96.00.