USD CAD the short magnet is on.

USDCAD is very bearish right now especially after setting a new long and breaking support last Friday. It has a ways to run before it hits any walls. In the next week or two I believe it will test the top of the daily trend lines drawn. From there it will either re-enter the wedge or bounce. Either way take profit and enjoy! Also, with the current state of dollar affairs and Dollar index breaking through the neck it set Friday, I will be selling all rallies in the range it will inevitably before continuation down.