Here is my longer term view on Canadian Dollar, the one in blue is published before and the green one is the alternative one.Taking only the drop from may 2006 it indicates possible not finished pattern(s) with more to the south. SO no matter what the longer term view is, intermediate view is still down to probably 1.1 if not 0.9
However, this pair has been delivering a lot of surprises, so I would not rule out that green alternative and a possible Minor move up to finish that green (x).
Crude made much higher than I expected, but it is still into the channel.
My view on Crude is down to $50/b, but as Joseph pointed in one of his myth busters episodes, it depends how you see CAD correlates with Crude...
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