piptank
Long

Canadian Dollar Bullish #Fundamental View $USD $CAD #forex

FX:USDCAD   U.S. Dollar / Canadian Dollar
My fundamental view on this pair is bullish . Canadian Currency USDCAD             depends on the price of oil             like other nations Russia, Venezuela (http://atlas.media.mit.edu/en/profile/hs92/2709/) The oil             price is sinking due to political issues and massive oversupply. Sooner or Later Iran will enter the oil             market (to secure their historical market share) and the oil             will further drop in value. Crude oil             inventories e.g. in the United States increased for the fourth straight week by 8.028 million barrels That's the highest since mid-March and well above market expectations. US and China are main importers. http://atlas.media.mit.edu/en/visualize/tree_map/hs92/import/show/all/2709/2013/
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