USDCAD initially fell but then rallied. We have to note that this pair had a big sell off the previous week. This resulted in the break of up trend line on the 4-hour time frame and then this week's rally is towards the broken trend line. Trading idea Watch the price action

AUDUSD continued to grind higher last week and even tested 0.69 level, after a massive upwards movement the previous week. Notice that even with the upward movement of the past two weeks, there is a massive down trend line that has yet to be overcome, even if we rally from