Iraq tension still not solve soon, USA currently couldn't find any positive measure to stop ISIS troops. As the result, Oil price continues to jump up to 107; in my opinion, it could raise to 110 even 120 next months.
With raising of Oil price, Loonie is supported significantly.
If market doesn't provide any lifebuoy for the Greenback, I think Loonie would keep its bullish move vs USdollar
1.06 is next key support.
Moreover, price crossed through SMA200 : long term support . This confirms for bearish trend of USDCAD.
If USDCAD cross through 1.0730, I will hit SHORT position to 1.06 key support.
Hence, my strategy :
IF USDCAD touches 1.07, open SELL position to 1.06 : 100 pips.