simonsays452

Continued CAD weakness on oil slump

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
0
The weaker dollar hasn't seemed to deter further CAD weakness as oil has continued its march lower. On Friday we saw CAD close above fib extension resistance at 1.3168. Watch for a breakout through a resistance band from 1.3190 to 1.3200. That should push CAD to 1.3400.

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