On the monthlys we can see CADUSD
has painted a picturesque bear flag
as it continues to lower. With the current pipe line purchase we are gearing for a larger fall overall around the Canadian dollar
as we sell cheap oil
to foreign interests and buy it back at a higher rate. The fall to 0.5 is only a rough estimate based off the current flag structure but we may fall even further than that.
as always this is not in anyway, shape or form, financial advice and always enter at your own risk