Where is USDCAD target?

The long down movement broke down... Good for us ;-)

There is no sign this move to has in mind to stop... Alligator's mouth is well opened and it is eating a lot.
There are strong Momentum and Acceleration is on. The Bearish Fractal formed at the end of the last week was taken easily opening subsequent trade.

Suspicious...

Let's look on upper time frames:

Daily char

It shows the same strong move, Momentum and Acceleration. There are two Bullish Divergent Bars that failed fast.

Nothing new here.

Let's go up - Weekly Chart.

Similar. Support has been blown out. Last week Acceleration has pumped steam. No sign for a possible target.

Monthly chart.

Here we have confirmation of this down move. Three consecutive months of down acceleration. Momentum failed to cross zero line. Alligator's opening its mouth again.