ew-forecast
Long

USDCAD Making A Reversal

FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD             is rising sharply as crude oil             goes straight down after NFP report. We see more weakness in play for energy markets as USD trend can be coming, so that would make ideal scenario for bullish USDCAD             . A five wave rally from 1.2850 low is needed for bullish turn to be confirmed. Lets see if price can stay above 1.3052 today; if not then bears can drive pair back to the lows next week.

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Looks like we're still below that 52 so what's your call looks like we're going back to the lows before we move higher
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