Commodity FX (CAD AUD NZD NOK)

usdcad isn't a X that i have paid any attention to this past year, as i like gbpusd and eurusd, but i think you're being too hard on yourself with bad calls on this ashraf, we are staring down the barrel of 3 year lows on the weekly chart 102-103 all through 2008, until that magic break higher on sept 28th 2008 and that level was a 10319 !it amazes me how the markets keep coming back to levels and revisiting key levels years later, this morning ive been reading reports of weak data out of the usa , and bearish oil, but i can't see this oil weakness lasting much longer , also the rest of the world seems to be turning in some moderate gains. My thinking is , if usa remains weak and the rest of the world gains that has to be good for oil prices and cad, if usa does start to pick up then that would mean less risk aversion so a weaker dollar and higher oil demands so a stronger cad ?
So im thinking and please anyone correct me if im way off here, it doesnt matter what happens aslong as we don't get a 'global' double dip, which is looking more and more unlikely, (im also thinking here that all the bad news has been built into the prices, born out with what happened to amazons share price on worse profits report last week, for example, the share bounced back within the day)
Also, (sorry im making this a novel) the bank stress tests in europe although laughable shows the banks in as bad a shape as we all suspected, which is good, atleast they arent any WORSE than we thought! is this yet to show up in price action. I think what im saying is although USA is in a hole that might take them the longest to crawl out of, barring a major default (california???lol...Spain???) this could be great for oil bulls and a usdcad short , Question wouldnt it be better to play CADUSD long AND cheaper ??? (because of interest charges???)..

Hi Ashraf what happened @audnzd after rate hike? why spike in favour of aud? also on twitter today u wrote "+0.25 hike priced in but a sure a mover against #aussie $$"