i made 45 pips on the CAD overnight, just remember fundamentals are important right now, the tension between israel and lebanon has increased oil prices, boosting the loonie
also keep in mind that 1260 is probably going to be strong support. as to where the loonie will go next, the trend remains upward and this could be a correction, the elliot wave studies supposedly support a break to 1400+, plus the BoC has been concerned about an overly strong loonie. at the same time, if the is-leb thing escalates, it could bring the pair down
just my 2 cents
also keep in mind that 1260 is probably going to be strong support. as to where the loonie will go next, the trend remains upward and this could be a correction, the elliot wave studies supposedly support a break to 1400+, plus the BoC has been concerned about an overly strong loonie. at the same time, if the is-leb thing escalates, it could bring the pair down
just my 2 cents