Three weeks ago, I wrote about a trade set-up on the USD/CAD,
Forex Analysis Report 12-22-18…Will The USD/CAD Continue To Rise???
However, because momentum is so strong, I would suggest to wait until price shows you it wants to go lower. Meaning, wait for price to make a lower high and a lower low first and short on a pull back.
The strong correlation between the Canadian/U.S. dollar exchange rate and oil prices is due, in large part, to the amount of the nation’s total foreign exchange earnings that’s garnered through crude oil sales. In 2018, Canada was the fourth largest producer and exporter
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