Tradeciety

Crude oil looking over the cliff - USD/CAD moving along

FX:USDCAD   U.S. Dollar/Canadian Dollar
532 0 9
This has been my favorite scenario since my Sunday analysis.

Crude Oil             is showing THE textbook reversal pattern. It seems as if the trendline is the only thing still holding Crude up.

At the same time, the USDCAD             has already started to move higher after its reversal pattern.

A break of the trendline on Crude could lead to a huge USDCAD             rally.
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