Mmk, I'm seeing a ascending triangle here and while I still believe we will see some retrace lower to the rising support (perhaps 105.7 level), I'm not going to fight the uptrend + global USD strength. And while the CAD has been able to hold off most of the USD bulls at 107., it's just not worth the risk for 100 pips.
Below you can see the ascending triangle that I'm talking about...a bullish formation. This added with global USD strength...eh.
My trade last week was based in part on the fundies...a weak NFP and strong CAD employment news. This has apparently worn off and is not longer applicable.
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