Published a bit late, but this is a simple break of 4hr trend line. In addition to that, the 1.46 level is the 5th wave of a weekly chart. The monthly exposes some potential structural pressure. My main motivator to short USDCAD is the reaction today when oil dropped and USDCAD had no follow through.
My last analysis on USDCAD:
Trade closed manually
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Rentry opportunity
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Trade active
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short 140k @ 1.4320
Trade closed: target reached
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I have closed my position. What a ride. I am now long Rubles instead of Cad