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:
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Testing the structure now
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Looks like its going bearish
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Fake breakout: The fundamental risk of CAD GDP pushed this up.