As the USD is still weak, and having M. Yellen pretty much admitting to it, it has given the CAD an extra boost to get back to the previous support. As Oil is getting weaker and CAD is still getting stronger, it’s just a matter of time before price needs adjustment and CAD will need to give back a few cents on the dollar. Presently we are in the midst of a double bottom on the Daily charts, for anyone looking to get in to this market you might want for a more precise entry on the lower time frames like an H1 Double bottom. We will still be looking for a sell signal around the 38.2- 50 % retrace upon a price action signal. In this scenario our bias stays the same AS LONG AS SUPPORT HOLDS. If we break through support we will be looking for a new support of 1.26.