This pair has shed better than 1300 pips in the last month. The Loonie has been a commodities currency and, traditionally, as gold, oil and natural gas go, so goes the Loonie. But this strengthening of the CAD is not called for as far as I can see in the market. Oil is way off of its highs of last year and natural gas has taken a huge beating in the market. Gold is up, but not overly high. I think this pair is ripe for a correction, perhaps a 1,000 pip correction and I'm going to be watching it.Happy Trading!
