Is the USDCAD a buy from a technical perspective? BofA likes it fundamentally.

The Financial institution of America is seeing the USDCAD as a purchase (see put up right here). However what does that commerce concept appear to be from a technical perspective? Does it make sense? What’s the threat? What’s the reward?

I check out the degrees from an hourly and day by day chart perspective to see if I agree from a technical perspective. Watch the video to see if it’s a thumbs up commerce concept or a thumbs down commerce concept.