USD/CAD Forecast April 4, 2017, Technical Analysis

The USD/CAD pair shot higher during the day as oil got pummeled. Because of this, I think if we can break above the 1.34 handle, we should then go to the 1.35 level given enough time. If the WTI Crude Oil market breaks down below the $50 handle, that should send this pair higher. In other words, you’re going to have to watch both markets at the same time as this is obviously a play on oil more than anything else. I have no interest in selling any time soon as oil looks so sick all the sudden. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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