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
T1 — 1.2695 Fib 121.5
T2 – 1.2760 Fib 138.2
T3 — 1.2820 Fib 161.8