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USDCAD - Will it pull back from the Mar 2009 high of 1.30632?
U.S. Dollar / Canadian Dollar
USDCAD - Will it pull back from the Mar 2009 high of 1.30632?
By BrentWatson
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Feb 1, 2015
1
Feb 1, 2015
Brent Crude seems to be the tail wagging the CAD Bear, will be interesting to watch as USDCAD approaches the Mar 2009 high.
1. Sideways pressure
2. Impressive climb: 4.2% channel spread
3. Above the EMA 20
4. More compression?
- Approaching Mar 2009 high of 1.30632
BrentWatson
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