APosner
Long

$USDCAD to bounce higher soon

FX:USDCAD   U.S. Dollar / Canadian Dollar
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.
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