India Crypto Exchange

Best Bitcoin Trading Platform

USD/CAD Hits New Highs; Oil Trades Lower

USD/CAD Hits New Highs; Oil Trades Lower

USD/CAD hit new highs yesterday when WTI fell beneath $42 per barrel. We see room for $40 so USDCAD can stay bullish here. On the hourly chart we expect a continue higher up to 1.3400 area as long as 1.3224 support is not breached.

USDCAD, 1H

USD/CAD Hourly Chart

WTI is trading nicely lower in this week, clearly with an impulsive manner that can extend beneath $41 in the short-term. Current minor bounce can be wave iv as part within ongoing wave iii).

Crude OIL, 1H

Crude Oil Hourly Chart

0 0 votes
文章评分
Subscribe
Notify of
guest
0 评论
Inline Feedbacks
View all comments