USDCAD - Free group analysis

FX:USDCAD   U.S. Dollar / Canadian Dollar
Afternoon all! hope you've all had an awesome weekend.

Here we have a nice looking setup on USDCAD . If you correlate this along with it's pairing Oil then you will see there is some correlation showing that Oil should continue to rise meaning USDCAD should continue to fall.

Here we have a 4hr Bearish trend along with the fib retracement a nice support above the 61.80% although we are looking like we have already rejected the 61.80% fib so let's see where price opens up and either look to get in the trade or wait for a slight retracement up should the price gap at al.

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