USDCAD and USOIL- another example of negative correlation Long
U.S. Dollar/Canadian DollarFXCM
Descrizione
⋅ Here we can see a nice example of negative correlation in the market.
The USDCAD and USOIL broke strong levels of S/R last week
According to my previous idea i will be looking to buy near the 1.2000 area on USDCAD
The USOIL is facing a long term resistance also so we can look to sell near that area.
Best regards.