USDCAD - as expeted

We called the sell-off yesterday. The long rally was just too much and profit taking right at the supply zone and after the completed Fibonacci run was the most likely scenario. Add to that the bounce in oil and the USDCAD seemed like a logical consequence.

The short opportunity is gone for now if you haven't entered in the zone. IF it can extend the sell-off, 1.40 is the first target.