USOIL
has broken horizontal trendline support and should consolidate lower. This is going to support USDCAD to appreciate in time. Gold is really hot right now so that's something against the pair but if Gold starts to top out, correlation should do its work here and get a nice price adjustment on the pair. Primary long term up trend still intact and fundamentals in Canada are bad...
USOIL
has broken horizontal trendline support and should consolidate lower. This is going to support USDCAD to appreciate in time. Gold is really hot right now so that's something against the pair but if Gold starts to top out, correlation should do its work here and get a nice price adjustment on the pair. Primary long term up trend still intact and fundamentals in Canada are bad...