Techincal analysis is always my first port of call and as you can see I have highlighted a Invese Head and Shoulder pattern which looks to be forming which essentially is a trend reversal pattern. Fib has also help me uncover support regions in which to trade from for entry and taking profit, this along side support and resistance
from top level analysis will also aid me whilst trading this pair. WEAK NFP data for the USD last friday is a great complimentry fundamental analysis
to boost the interest of the worlds current reserve GOLD
, as Canada is the 5th largest producer of GOLD
, CAD tends to be brought.