Confluences: Broke up through a descending TL, and is now retesting that TL in a fib zone and a retest of the previous broken high. A couple of big days made up this C leg, but now it is showing deceleration in this possible reversal zone to go back up. It is also finding possible support in the 21/50 EMAs. 4h chart is also finding support at the 200 .
News: BoC rate decision occurs tomorrow morning. They are expected to increase the interest rate, which should prove for the CAD and be in favor of this trade. However, if they raise it but make dovish remarks about , the reaction could actually be , or less . If they don't raise interest rates, I expect this to go very and most likely hit SL.