This is a longer timeframe analysis. USDCAD has been consolidating for a period of time. And now looks interesting. I am putting my bet on short side. I mean, I am positive of CAD. Other considerations include the weak, messy, troubled USD and the the relationship of CAD and oil price…uhm…. Let’s see how it works out.
Here is the…..CHART!
[photopress:usdcaddaily.gif,full,1]
Some statistics here
By Trader Gav
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