According to fundamental and technical analysis usd-cad
is providing great selling opportunity. As we know Canada recently increased interest rate and US dollar
is facing many problems like hurricane (Climate change) and investors are not interested in buying US dollar
. US dollar
outlook is bearish
and there is no chance of increasing interest rate on December by FED without seeing progress in economy. There is a good opportunity to sell usd-cad
around 1.2150 with stop loss around 1.2210 and take profit 1.2080, 1.2060 and 1.2040..