Don't Be Fooled by the Reversal!

Hello traders. Just posting this to remind you all that USDCAD is still very bullish and buying opportunities are preferred. The CAD is extremely weak for many reasons, none of which have become better in the last 24 hours. With all the present factors putting weight on the CAD still present, it is highly probable that this is nothing more than a corrective pullback and a great opportunity for dip buyers.

Keep an eye on the 1.36 figure!

Comment:

$47 is key resistance on OIL. Further downside on OIL will weaken CAD and bring the bulls back in USDCAD.