I'm already long since 112.50 , waiting for the levels mentioned on chart to be taken out before a rally to the 116.10.
Price may fail at any of the resistances mentioned .
the pair is oversold , with oil overbought and other commodity currencies OB as well.
USDCAD retraced to the 0.618 % which support a light sized long , anticipating a correction to the 2600-2650
Im long on this pair , 2380 .