U.S. Dollar / Canadian Dollar
Long
Updated

Oil weighing heavy on CAD

For this week we have a very interesting move with Oil being pulled down via demand shocks and incoming dollar strength via yields.

A great time for a review of our previous chart (see related ideas) where bulls came in as expected and defended 1.312.

Best of luck to those trading this pair...lets see how it goes!
Note
Huge miss on GDP from Canada
Trade active
All targets cleared at 1.348 .. well done bulls !
Trade closed: target reached

Disclaimer