USDCAD vs Crude Oil - Short term
I believe 1.1919 area is pretty much the bottom for USDCAD for now (short term) and Crude Oil will correct lower again towards 58 bucks a barrell to start with and then 56 bucks (ish). See separate chart for my USDCAD (Long) trade for more details if you like the idea.
Risk to consider
The dollar index must find a bottom at current levels as well and there cant be any Bunds sell-off for this trade to work. If not then USDCAD will head lower than stated above
Risk to consider
The dollar index must find a bottom at current levels as well and there cant be any Bunds sell-off for this trade to work. If not then USDCAD will head lower than stated above
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.