USDCAD building momentum to the downside following
- Last week’s bearish signal following the break of a 12-day pattern pivoting 1.42.
- Firmer oil prices providing the catalyst today
While trade is below 1.4150, potential targets are 1.4000 and 1.3950.
Back above 1.4150-56 would negate the risk.
In any case, watch the price of crude oil as USDCAD likely sensitive to moves in that market.
(Amazing Trader daily chart)
Test Plugin
Add comment