Petaryot
Short

USDCAD - DXY overextended - Oil trending up

FX:USDCAD   U.S. Dollar/Canadian Dollar
After the recent DXY             crazy, unreasonable run.. This week it will likely get hammered.
Oil             on the other hand showed some great numbers last week after the rig count.

Thus, fundamentals point towards a bear on UC             .

-4h RSI crazy overbought
-Daily RSI bearish
-Horizontal resistance
-Trend resistance
-WEEKLY FIB RESISTANCE
-DAILY FIB RESISTANCE
-CAD should strengthen as oil             is on its way to a possible mild recovery

Safe and successful trading!
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