…Now key technical support comes into focus….
The USDCAD has moved lower on the headlines, that Trump is in favor of the Keystone XL (CAD stronger). The move has taken the price down about 50 pips and right to support defined by the 50% retracement, the 200 hour MA and a trend line from the lows. Those levels come in at 1..3195-02. There may be some profit taking against the level as risk can be defined and limited. However, if broken, look for additional downside momentum.