13 September 2016 at 7:57 GMT
Ian Coleman - First 4 Trading
There has been a selloff in USDCAD from January to April. However a bullish channel formation has formed since April.
Now a bullish reversed head and should formation is forming, but according to Ian Coleman of First4Trading.net there is a scope for a corrective move to the downside.
Coleman is looking to go long USDCAD with a stop at 1.29. His targets are 1.33 and 1.3480.