USDCAD has been trading within this 4 hour trading channel for some time now. After a strong push away from its resistance last week we can expect to see more downside on the pair with a target of approximately 1.29. The pair has broken out of its mini trend within this channel and retested its trend line as confirmation. A close above 1.315 will mean the short is invalid however support fundamentals are in play and the move appears to be solid. As always trade safely and move stop loss to entry once the trade is in your favor more than 20 pips. Best of luck