Flav2017

Possible long position USDCAD

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Uncertainty in the OIL market is bringing CAD to the downside giving more power to the USD , we are waiting for the opening bell to have a better understanding of where this currency pair will go. In terms of technical analysis we have seen a huge drop in the last month touching 50% fib level we believe that USD strength will be around for a while until everything start to stabilise back again.