USDCAD looking heavy with key support at 1.1060.

usdcadh4

USDCAD 4hr chart

Last Fridays data from Canada lead to an initial spike higher to test the 1.1191 since then it has been a non stop move lower, the inflation data was higher then expected which for me has been the catalyst.

A break below the 1.1060 should see a move back down to the 1.0908 and the formation of a triangle patter.

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USDCAD looking heavy with key support at 1.1060.