Citi flags an opportunistic long USD/CAD exposure around current levels.

"CitiFX Technicals had closed their portfolio for the year, but two things are too compelling," Citi notes. 

"1- The Short-term USDCAD chart completing a clear double bottom formation that further suggests that move could be coming

2- The Oil price chart rolling heavily also suggesting a danger of a sharp correction with WTI possibly going towards $46.74," Citi ads.