I rarely trade the canadian dollar, as it can be crazy volatile and go too much in one direction sometimes, but the current chart setup offers a good opportunity with very little risk. As you can see on the chart below, 2950 is a strong support, holding now for over 2 years. Current price is now around 3060, so even a SL below 3000 might be used, if early in the week, the volatility is not too big. Target would be 3500, up to 3600 maybe, so the risk to return ratio is fantastic on this one, very little to lose for a lot to gain. And with Joe in office, oil will be most likely dumped, which only helps to decrease the CAD value.
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