Heading into next week we have several major Oil fundamental reports that could impact the Loonie including the Carryover into the June Future Contracts + Oil Inventories on Wednesday expected to show another negative figure.
If we see a rebound in the oil market, that could add some strength to the CAD and thus push USDCAD down towards the targets as outlined in the chart.
If we see a rebound in the oil market, that could add some strength to the CAD and thus push USDCAD down towards the targets as outlined in the chart.
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