The crude oil which is hovering above 80.00 should strengthen Cad further with her expected lower unemployment numbers and Better GDP / CPI /PMI which are all to be released this week.
Cad is always a safe heaven target in view of her persistent currency strength. It is not surprised to see u/cad to go below 1.0000 near term.
On daily chart , breaking the vulnerable support 1.0148( near 100 % Fibo Retr) ,, should expose 0.9930. on weekly chart
Both daily and weekly charts indicate negatively biased with high degree of Bearishness.
Daily Chart u/cad
Weekly chart u/cad
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