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Long

USD/CAD - Long from support

FX:USDCAD   U.S. Dollar / Canadian Dollar
I'm looking for a pull back to 1.27100 which is a support/resistance level from Jan 2015 and 2009. From this area I will look for a long position. Technically price is still waiting to make a proper break of the range but with the recent bullish momentum, weak Canadian dollar             and strong US dollar             I believe it is inevitable that price will break out north. It's essential we wait for key entry levels for the best price.

Remember that Oil             is highly correlated with the Canadian dollar             as Canada is the third biggest exporter of Oil             in the world. Poor oil             prices = poor Canadian economy.
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