alexkyp

USDCAD is it gonna drop further ?

Short
OANDA:WTICOUSD   West Texas Oil
The pair has been on consolidation for the past week within the 1.3210-1.33, the drop may continue as oil prices fail to drop below the 55. 40 area and all the EMAS show an upward trend for oil prices!
The DXY is on a clear downward trend with the upward potential cleared by the 97.00 level, opening the door for further low points!
We can wait the pair to test the 1.32 area and enter for a sell position!