Tradeciety
Long

Canadian bears reactivated with lower oil

FX:USDCAD   U.S. Dollar/Canadian Dollar
81 0 4
The USDCAD             is a great example on how technicals and fundamentals work together.

While the USDCAD             traded lower into its demand zone at 1.39, oil             started selling off again and lifted the USDCAD             .

If price can get above 1.412, we see 1.43 as the next upside target. The contingency is that oil             keeps selling-off though.
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