hullzy
Long

USDCAD Inverted H & S

FX:USDCAD   U.S. Dollar/Canadian Dollar
22 0 2
Looking at a potential Inverted Head & Shoulders pattern forming on the USDCAD             . I'm liking this pattern as Crude may also be forming a H&S pattern that would target the $43 range again. In addition, the Head of the pattern also sports a double bottom which helps support the direction of the move. With the close relationship between the CAD and Oil             , I'm targeting 1.324 in the USDCAD             and $44 with WTI over the next week or two.
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