As we mentioned yesterday, the loonie is advancing positions given the rebound of crude. Remember that the black gold hit a new yearly high at 80.06 dollars. After abandoning the short movement started on October 2nd and rebounding at the 1.0207 support, the pair is trading at 1.0320. The first target is at 1.0387 (23.60%) and then the 1.0207 area. According to the bands of Bollinger, the pair as an 100 pips volatility in the hour, while the RSI is in a neutral zone. If the trend stays high, the 50-days MA could consolidate with the price. According to the stochastic, the pair is showing selling signals.

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