SussexSmile
Long

$USDCAD BOUNCE OFF 0.618 AND TRENDLINE SUPPORT - LONG

FX:USDCAD   U.S. Dollar / Canadian Dollar
TECHNICAL
USD/CAD             bounced off the 0.618 fib retracement of 1.29514 and 1.31516 and also bounced off the trendline .. 1.3025 holding as support for now.

FUNDAMENTAL
Crude oil             is also falling and upside limited to 43.20. USD/CAD             is inversely related to Crude, it Crude falls, the Canadian dollar             falls and USD/CAD             raises

PS: FOMC meeting minutes due later today, so be careful taking this trade but risking 35 pips for a 100 pips (test of 1.3150) is worth it.

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