As a counter trend trader, I look for pull backs and have been on this pair for a while awaiting for a significant retracement to the monthly pivot. With CAD being weak and Oil weaker, there's scope for this pair to move higher. However, a wedge has formed so a breakout to either side is due. The stochastic on a higher time frame and RSI are showing over brought with divergence recently printed. Watch this pair for a nice move relatively soon!
