IMDB
Long

Shorting USD CAD Pair .. Wait For IT!

TVC:USOIL   Crude Oil (WTI)
38 0 1
Looking at OIL             prices which heavily weigh in on the USDCAD             Pair. Wait for Oil             to bounce off and gain strong momentum before considering shorting USD Pair. USD is losing strength and so was Oil             . Both of these forces created perfect balance of opposite resistances causing the volatility in this pair. Oil             has to move with momentum to cause any meaningful gains from shorting USDCAD             pair.
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