Fundamental Analysis
After NFP is the USDCAD now bullish and ready to launch? Based on previous price structure at these levels I would have to say YES and additionally if US shale oil output offsets OPEC production cut then oil is capped @ $50-55 barrel which translates to more limited CAD upside even with the very better than expected economic data.

Geopolitical – tensions with Russia, Iran, China, North Korea
Political – The US Government circus

Technical Analysis
Bias: Long
T1 — 1.2695 Fib 121.5
T2 – 1.2760 Fib 138.2
T3 — 1.2820 Fib 161.8


USDCAD - 4H - Old

Previous price structure from April notice price levels support/resistance

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