workingtraders
Long

$USDCAD with $WTI showing signs of weakness. Correction rally?

FX:USDCAD   U.S. Dollar/Canadian Dollar
Technicals on the chart.
Pink dotted line is where the previous rate cut happened. (Old resistance)

Looking for it to hold here and test 1.2300s area.


Fundamentals on related idea.

Working great!
+1 Reply
very nice follow thru :) nice pips bagged.
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Agree. Looking to see this go long and CADJPY continue downwards.
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saw the divergence 2 days ago and long at 1.19400
snapshot
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Same view. I'm aiming for a retest of the high but we'll see.
+1 Reply
agree, oil prices a falling again and taking down CAD
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At the least a small pull towards 54.00
+1 Reply
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