Hi traders,

After USDCAD has been going up for a week and a half. It is time to head south.

Even though my current position is in the red of 70pips, but I am targeting the lows of the 1.3000 level with my TP set at 1.3040 for close to +160pips in profits.

If the TP is not hit today, I anticipate it will be reached early next week.

Below is the chart.

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