Oil weighing heavy on CAD

For this week we have a very interesting move with Oil being pulled down via demand shocks and incoming dollar strength via yields.

A great time for a review of our previous chart (see related ideas) where bulls came in as expected and defended 1.312.

Best of luck to those trading this pair...lets see how it goes!

Commento:

Huge miss on GDP from Canada

Trade attivo:

All targets cleared at 1.348 .. well done bulls !

Trade chiuso: obiettivo raggiunto