UsdCad To Rise With More Oil Supply Possible

Heres an view on ucad , opec cartel is considering adding supply creeping closer to pre pandemic levels while taking advantage of higher prices . Fair value of crude is around 80 per barrel while the dxy looks poised for a brief rise on global slowdown worries speculator are very bullish at this point which gives us multi dimensions in this trade turning back up . we plan to scale in for the ride !!! As always for educational purposes please do your due dilgences attached are a few articles from our view outside of the charts
ft.com/content/cf18ce69-e46a-4802-9058-1340c5a2c94d?shareType=nongift
fxstreet.com/news/some-opec-members-plan-for-output-increase-wsj-sources-202205311829?utm_source=tco&utm_medium=twitter&utm_campaign=fxstreetnews