Usd cad
The usd cad pair is now at a critical juncture. Canadian growth was hurt by low oil prices and gdp. However employment numbers were record setting in April and oil has since recovered. Therefore you see the Canadian dollar recovery against the Usd. In my opinion the pair could lose another 200 pips if the recovery extends into the summer. Stay tuned for 132.5 but for that oil should stay up!!!
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