The USDCAD upside has been capped by the 78.6% Fib Ret of the Dec ’18 – Jan ’19 decline and saw the selloff accelerate after the release of the NFP. The USCAD suffered big losses and ended the week near 1.325 KEY support. A confident break below 1.325 will likely bring a test of its longer-term T-line currently cited at 1.3150.
