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Forex_Positive
Aug 16, 2015 1:19 PM

USDCAD facing interim top 

U.S. Dollar/Canadian DollarFXCM

Description

Possible interim top for USDCAD. Crude oil making fresh new lows, but USDCAD not making new highs. This is a tell-tale sign of a possible divergence from the CAD/OIL correlation.

Look to short near the recent high.

Short USDCAD 1.3200
SL 1.3300
TP1 1.3000
TP2 1.2800

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Comments
Roncriss
What do you think of my view sir?

Roncriss
Forex_Positive
Looks good. USDCAD broken out of wedge.
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