ProFX_Strategist

Some More Downside To Go - Before A Reversal

FX:USDCAD   U.S. Dollar / Canadian Dollar
40 0 4
The rally-up of oil             price from earlier might be closing to an end quite soon... (It is most probably just a fake/temporary rally-up...)

Oil             price could be ready to go down much lower pretty soon (but for now it might still want to continue going up a bit more)... The oil             price highly influence the strength of the CAD in Forex... (For now, the CAD should be still quite strong; when the oil             price is up...)

The USD could (& might) also start to get a bit more stronger later on...

So this means that this pair could see some stronger upsides (a stronger trend reversal) later on...
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