While the 2009 high holds there's opportunities for both longs and shorts
USDCAD keeps carving out new highs above 1.30 yet it's still quick to turn tail when the going gets tough
USDCAD H4 chart
While the 1.3060/65 level holds, there's rope for the shorts to have a play. The same can be said for dips below 1.30 down towards 1.2950 and the broken Jan resistance line at 1.2900
Jobbing the tops and bottoms is the way to trade it right now and the emphasis still seems to be with the upside, so bear that in mind. Should we break and confirm the 1.3065 level then that's the stable door open for a move higher
