USDCAD 4H FORECAST

My thoughts on USDCAD (requested by one of our subscribers). In the last recent week, USDCAD has been ranging between two important zone of 1.26270-1.26480 and 1.25300-1.25000. Many subscribers caught the pullback of the USDCAD and one passed the FTMO challenge. My bias for USDCAD is still short

- Fundamental analysis: The Employment in Canada increased by almost 20%( better than the forecast) from 259.2k to 303.1k. Also, the unemployment rate decreased by 0.7% from 8.2% to 7.5%. This indicates that #CAD is strong in the next few weeks.

- Technical analysis: 1.26270-1.26480 is a strong zone (price reacted strongly in this zone). Price may retest this zone before continue to push down.