FX CHART OF THE DAY: USDCAD BREAKOUT POSSIBLE

USDCAD is breaking out from 1st standard deviation from weekly (120-h) mean

The mean has positive slope (as well as the 1st standard deviation)

Volatility is not compressing (measured by 3.2 st deviation from weekly mean)

USD can move up further on WTI OIL depreciation

Traders can pick longs close to the 1st standard deviation (1.3120 and up) and stop at the weekly mean (1.3070)