This trade falls in line with my thesis of a rise in commodity prices helping strengthen their currency Now the Cad has been strong against the USD ever since the dollars impossible run up. Whats next? if we continue to subscribe to the fact that consumer currencies will be depressed for the next 3 - 6 months. Then if that is the case could we see a push lower to the 1.359-1.34 this is a very reasonable to target IF we can see factors in CAD decouple from the factors in USD. Over the past few months now we have seen indication of this very fact CAD macroeconomic situation has been doing far better than the US. I have been short since 1.40 and will plan on re-evaluation once price has hit 1.30