USDCAD LONG

The Pair has been on a Downtrend since the end of May last year and has been ranging for the last month. With more Canadian and American Fundamentals tomorrow and strong support around the 1.25 level. I believe the price may gain momentum to the 1.27 area which is around the 61.8% Fib retraction. As long as we have good momentum it should break the almost year long US decline and reach the 1.29 area.