USD/CAD, DAY CHART, SHORT (4-DEC-2016)
We see the price of crude oil spike last week due to OPEC decided to cut 1.2m crude oil daily production.
If the trend continues, we do see the strength of CAD.
Caution on the BOC Rate Statement on Wednesday which might influence the movement of this trade significantly.
Technically, if the price able to break the support zone, we will call a short for it!
If the trend continues, we do see the strength of CAD.
Caution on the BOC Rate Statement on Wednesday which might influence the movement of this trade significantly.
Technically, if the price able to break the support zone, we will call a short for it!
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