My fundamental view on this pair is bullish. Canadian Currency USDCAD depends on the price of oil like other nations Russia, Venezuela (atlas.media.mit.edu/en/profile/hs92/2709/) The oil price is sinking due to political issues and massive oversupply. Sooner or Later Iran will enter the oil market (to secure their historical market share) and the oil will further drop in value. Crude oil inventories e.g. in the United States increased for the fourth straight week by 8.028 million barrels That's the highest since mid-March and well above market expectations. US and China are main importers. atlas.media.mit.edu/en/visualize/tree_map/hs92/import/show/all/2709/2013/