Could there be some good opportunities in USDCAD? There could well be, according to Faraday Research's Thomas Light, notably after the jobs data from both Canada and the United States last week. He's looking at reversal patterns in USDCAD. 

“The patterns combined represent a false breakout of the October highs,” says Thomas, who identifies multiple bearish price patterns. “Prices formed a lower swing high and then broke decisively below both horizontal and trend line support.”

Thomas outlines Faraday's trading strategy and tells us there's scope for another leg lower