Since early September USDCAD
has been stair stepping higher and the recent pullback may present an opportunity to enter long if are not already. There is a support/resistance
line just under 1.10 and the rising 200 day MA looks to converge at that spot while the bullish falling wedge
may complete. From a fundamental perspective if Goldman Sachs and other analysts are correct about oil
going lower from here that will only help the bullish
dollar case versus the loonie.