For the past few month the USDCAD has been on a bull run as a result of the US economy recovery and the increase in bond yields, but looking at the big time macro fundamentals market has been giving a huge discount for a massive sell which as a result of the long term outlook for the OIL and the current state of the US dept market....we see OIL hitting a $90 to $100 per barrel by year end which will be supportive for the CAD and the issue of the US dept levels which raising red flags for the USD and it status as a reserve currency, also looking that all the amount of money pumped into the market in order the stimulate the US economy has not been used as proposed which has lead to an artificial recovery of the US economy posses a downside for the USD....this long term fundamental outlooks support the downside of the pair....Have a nice trading months ahead.