Morgan Stanley picks USD/CAD as its technical FX chart of the week where MS is tactically and structurally bullish and maintains a buy-on-dips strategy. MS provides some insights on where traders should consider establishing this trade and placing their stops and targets accordingly. On the 10-year USD/CAD Chart: "longer-term picture for USDCAD is bullish and we recommend buying on any dips. Currently in a C wave, the structure has exceeded the previous A-wave top at 1.3065. The current C-wave is incomplete since we believe it is still in a 3 rd wave. Our longer-term bullish analysis is incorrect on a dip ... (full story)