SJ-TRADES

USD/CAD Oil Correlation *analysis + education

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Thanks for stopping by to check out this educational post and TA .

I decided to look at the USD CAD on the monthly for a deeper look at where it has been and where it is heading with respect to all the changes globally and the rally in crude oil playing its part in this pair.

The USD has been under some pressure for the past 20 months and here we can see why its relationship with the CAD is rather special and symbolic of a love hate relationship.

Enjoy the chart for the explanation that it offers and although the analysis is very long term it is designed more so to see how things have transpired and where they can lead based on identical fib pulls , curve projection, volume profile .

I hope that the TA speaks for itself and is clear for the reader and you learn something about the Oil relationship with the CAD pair

dont hesitate to ask any questions ..

Thanks for