We just took a long on USDCAD, right after the WTI short as per the related idea.
We see good reasons for USDCAD to trend higher today, and perhaps even push to the 1.29715 price level which is listed as our next potential profit target on the 4H chart. (left)
In regards to what we see, its simple,
4H chart: - Pirce is above the middle of the DC and currently finding support at the 61.8% fib, both of these are bull indications, while RSI 5 is pretty low.
10M chart: - Another test of the recent 30% zone fibs with a contraction / wedge leading to the fibs. (this is a strong bull indicator based on the primed system)