1) Formed a nice giving multiple selling opportunities
2) No reason to long this security at the moment
3) Macro Economics including the frustration between Saudi Arabia and Iran is news
4) Possible 29-26 bottom in the next 6-12 Months
5) Overall target is -0.5 or 1.5 to next key level.
The key to this pair is to be patient and exploit momentary strength by selling rallies short term or waiting for Counter breaks.
DXY analysis and USDCAD relational analysis suggested for help. React to the price, do not predict it!