I see a case for a quick buck in USD/CAD shorts based on a rebound in stocks and oil.
USD/CAD is the most-correlated trade with the S&P 500 so far this year with a negative correlation of 0.777 which has risen to -0.826 in the past month.
Oil, meanwhile, has fallen $10 in the past week but has found some solid support above $95.
Technically, the sloppy head and shoulders top points to a move lower with the potential to see 0.9930 today.
