After careful review of the USDCAD currency pair, I have been fortunate enough to create a perspective for the entire week ahead. I see the USD first recovering against the Canadian dollar with the oil price playing a major role in this move, followed by a midweek reversal which is likely to come in play on Wednesday or Thursday, with the release of key economic data. The Us president is currently in Japan making negotiations and china is looking to de-evaluate the YUAN. So this week should be very interesting.
Happy Trading and Manage your Risk!
The Urban Genius
Happy Trading and Manage your Risk!
The Urban Genius