USDCAD is currently in a corrective structure and I'm expecting a down move to come shortly although we have a short term buy setup. We are still bullish on a higher time frame but the current market structure suggests one more downward move before we continue our bullish trend.
@OriginalizeFX, I think looking at what's going in the world right now, fundamentals are the major thing controlling the markets so i won't be surprise if you are right but I'm a technical trader so price action and strcuture is my forte
No surprise here as OIL is on the rise. Pair correlates to oil -90% over long period. OPEC deal coming believe it or not! Putin saying "48.00 is the level" Don't be short,put, or what ever you call selling!