alexkyp

USDCAD is it a further BUY ?

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
The pair shoot from monthly lows to monthly highs within and hour through the Friday NY session combined with the bad news on CAD GDP and the which followed by the sharp drop of Oil prices!
We can expect the pair to reach news highs the upcoming week if the US Dollar index strengthens further and oil prices drop to the $50 area .
Supported by fundamentals we can expect the pair to retest the 1.34 range within the month of March!