Action at the Support Lines shown on chart will give a very good idea about the weakness thus direction in Oil. Oil falling will start a trend change in CAD, which is about to change it's course. Strength in rise of USDCAD will depend on how strong Oil behaves.
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singlemalt
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In reality (Bloomberg Indication CO1.COM) FXCM printed a false indication yesterday and the candles stayed below your top magenta line! While todays low just knocked on the lower magenta line with enough power to go accross