Trade Idea for USDCAD on 1hr Timeframe
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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