Recent news relating to Oil has sent the Canadian dollar down sharply. The Cad futures contract consolidated a bit prior to breaking to new yearly lows, but is once again looking extremely bearish.

For the month of November CAD looked like it had made a low and was showing decent momentum to the upside, but will continue to look for short CAD trades for the remainder of the month as it has not broken support.

The trade that stands out the most is the USDCAD, but may be difficult to chase as it's breaking new yearly highs. But will continue to monitor it as well as NZDCAD for trading pull backs.
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