Hello traders here I am doing top down analysis on USDCAD, and from our technical analysis we can clearly see that the market is bullish and its on strong support from directional timeframes, and net position went more positive. And also concluding with our cot report the USD for now is very strong as more bullish contracts are opened and less bearish are opened as well. Looking into the CAD cot report we can also see that all bullish contracts are closed and more bearish contracts are opened, and our net position went to more bearish momentum.