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Very interesting channel. Two possible scenarios. First does not break the bottom under 2 and heading to the upper end of the channel at about 2.05. Second - makes lower low like previous times, touching the low end of the channel. Then entering in long position should be when coming back over the previous low of 2.
tminchev's Blog
It is time to long the paund against CAD and
It is about time to long the british paund. Especially against the yen. The british currency is close to its low, which I think could be tested unsuccessful. Another currency against which the lira should go up, is canadian dollar. The crude oil could fall further to test 30 USD per barrel which should give more downward pressure for the CAD.
Time to long CAD
I think its time to get long in USD/CAD. Very Strong support at 1.36. First serious resistance at level 1.3850. If breaks it then we go to test 1.40. And who knows maybe oil will fall again to test 30 dollars to barrel, which could lead to more gains for the dollar.