The oil price is continuously climbing, which supports Canadian dollars. Although the unemployment rate rebounded in Jan, the quantity of employment is too outstanding to make market surprised. USDCAD is still under the pressure of down trend.

The target is 1.3150.
Turning point: 1.3245.
Under 1.3245, bearish , target price is set at 1.3190, then 1.3150.
Above 1.3245, bullish , target price is 1.3275,then 1.3310.

Prior Strategy:
SELL on 30 Mins
Technical IndicatorsTrend AnalysisUSDCAD

Disclaimer