PipsOverPast

UsdCad To Rise With More Oil Supply Possible

Long
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Heres an view on ucad , opec cartel is considering adding supply creeping closer to pre pandemic levels while taking advantage of higher prices . Fair value of crude is around 80 per barrel while the dxy looks poised for a brief rise on global slowdown worries speculator are very bullish at this point which gives us multi dimensions in this trade turning back up . we plan to scale in for the ride !!! As always for educational purposes please do your due dilgences attached are a few articles from our view outside of the charts
www.ft.com/cont...58-1340c5a2c94d?shareType=...
www.fxstreet.co...es-202205311829?utm_source...

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