USDCAD on Oil Recovery and Fed's Next Move

Mar 21, 2016

After head-shoulders neckline 1.3800 broken, we finally have arrived the 1.3000 level last week. Where are we going from this point on?

Mar 21, 2016

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I am spotting a bounce forming on the 1.3000 level on the daily chart as dollar has arrived in the intervention level.

Mar 22, 2016

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Today We have a firm bounce on the 1.3000 level.

Mar 22, 2016

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still waiting for the MACD to cross.

Mar 24, 2016

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Latest Update
1. Price breaks above the 1.3200 on daily.
2. Price breaks the down trend resistant level.
3. MACD Cross UP

Looks like we finally got a confirmed BULL pattern on the daily chart.

Mar 27, 2016

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USDCAD makes new highs as Crude dropped below 40$ per barrel last week.