Sphyn-Trader

USDCAD: What will happen next?

Long
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
The USD/CAD pair is hovering around 1.3175-80 after experiencing its largest daily decline in eight days. This decline can be attributed to the drop in WTI crude oil price, which is Canada's main export, as well as the stronger US Dollar. The market activity on Tuesday morning in Asia has been slow.

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