- The pair has been overbought for the past month to +700 pips as a result of falling oil prices
-Reached weekly trendline and daily trendline
- If dxy follows an upward trend and oil prices remain stable with USDCAD consolidating the pair could fall significantly
-Reached weekly trendline and daily trendline
- If dxy follows an upward trend and oil prices remain stable with USDCAD consolidating the pair could fall significantly
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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.