But, USDCAD did not quite follow. Could mean that USDCAD is extremely overbought already. Oil is touching a significant resistance and wave 3 is bound to complete soon. This fact indicates that a correction in USD/CAD bull trend may be due shortly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.