TomProTrader

USDCAD: Weakness In Bull Trend- Expect Temporary Pullback #Forex

FX:USDCAD   U.S. Dollar / Canadian Dollar
7
Traders,

After a nice extended uptrend, we are touching on a minor correction. The correction is technically pulling back, and the Crude oil price is giving strength to this pair. It may be wise to be Buying CL1! futures, and shorting USDCAD.

USDCAD is expecting to move a bit lower, before a ricochet scenario, or a deeper correction.

Best of luck
Tom

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