This is a fantastic way to play the upcoming CAD strength from oil against the weakening USD.
We have a massive descending wedge forming a somewhat sloppy right shoulder within a bigger inverse H&S formation on the monthly/weekly timeframe.
Should see continued dollar strength into the week bringing us down to the bottom of the wedge to form what should be the the last low on this pair until late 2017 going into 2018.
We have a monthly bullish reversal at the Monthly .8280 high close from april 2015 and a quarterly bullish reversal at .8605. A close above both should send us quite a bit higher
We have a massive descending wedge forming a somewhat sloppy right shoulder within a bigger inverse H&S formation on the monthly/weekly timeframe.
Should see continued dollar strength into the week bringing us down to the bottom of the wedge to form what should be the the last low on this pair until late 2017 going into 2018.
We have a monthly bullish reversal at the Monthly .8280 high close from april 2015 and a quarterly bullish reversal at .8605. A close above both should send us quite a bit higher
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