I have placed a long on this trade. We have held these levels and the trendline is clear that we may move higher. I would expect OIL to move lower and help push this pair higher. If we see any stock market selling this should only help this pair move higher. I see the risk reward on this trade as good.
CADCommoditiesOiloiltradingtrendcontinuationtrendfollowingTrend LinesUSDCADusdcadlong

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