BrentWatson

USDCAD - Will it pull back from the Mar 2009 high of 1.30632?

FX:USDCAD   U.S. Dollar / Canadian Dollar
84 0 1
Brent Crude seems to be the tail wagging the CAD Bear, will be interesting to watch as USDCAD             approaches the Mar 2009 high.

1. Sideways pressure
2. Impressive climb: 4.2% channel spread
3. Above the EMA 20
4. More compression?
- Approaching Mar 2009 high of 1.30632
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