US$CAD – Sell set up coming

Today has seen the US$CAD weaken from just above 1.2900 to 1.3070 primarily based on all the trade talk and the impact it could have on the Canadian economy.

From a technical perspective 1.3060 was an important resistance area on my 4H chart and it would only be a close above 1.3080 and a test at 1.3140 where I believe that will prompt a move lower again to 1.28 at least, before final move to 1.3300 in this particular structure.