USDCAD TECHNICAL AND FUNDAMENTAL ANALYSIS

OIL AND USDCAD ARE SUPPOSE TO TRADE CONTRARIAN. NOT DONE FOR 6 MONTHS.
EXPECTED FED RATE HIKES (4) FOR 2016. ACTUAL (0)!
600 PIPS ABOVE LOW. WHAT DOES THE MARKET KNOW?
OIL ROSE BY 90% (26 TO 50) WHEN NEWS SAID "WORLD GLUT"
OPEC ATTEMPTING TO STABILIZE OIL PRICES NOW.

Comment:

Not a sell recomendation yet!

Upside potential is very possible. .618 next perhaps. Must look for
setups to go short on smaller time frame. Diagonal pattern forming.