USDCAD - Bear Reversal to 1.30 (800 pip move)

If USDCAD (UCa) continues to reject 1.40, UCa could make a strong push to the downside towards 1.30 over the next 3-6 months.

There is an interest rate decision from the BoC tomorrow, 10/23/2024 and can be fuel for the currency in either direction.

With rising oil prices and an impending rate cut, the expectation is the market will begin to price in future growth for the pair.