FXSayWhat

USDCAD on Oil Recovery and Fed's Next Move

FX:USDCAD   U.S. Dollar/Canadian Dollar
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?
Comment: I am spotting a bounce forming on the 1.3000 level on the daily chart as dollar has arrived in the intervention level.
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Comment: Today We have a firm bounce on the 1.3000 level.
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Comment: still waiting for the MACD to cross.
Comment:
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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.
Comment: USDCAD makes new highs as Crude dropped below 40$ per barrel last week.
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