USD/CAD SELL - 06/11/2017

The price showed a significant fall last Friday and broke down previous lower boundary of the range. The bearish move was sharp and on large volume, so we should give preference to short positions. We can enter the market after a breakdown of the fresh volume level of support 1.2724 - 1.2747. A stop loss should be place above the breakdown volume bar. A potential of the deal is up to 200 points.

The bottom line: short positions after the sure breakdown of the support