OIL PULLBACK + DYX BOUNCE + OVERSOLD USDCAD = THE PERFECT LONG

CAD has seen incredible surges due to bullish breakouts in US CRUDE OIL ($WTI), and FOMC not signalling a 4th hike. 1-4h time frames oversold on USDCAD, and price resting on the channel support. DYX took a hit, but will bounce, and if that happens along with a much needed pullback on CRUDE OIL, look out! CAD will bounce hard.

Look at the RSI levels on US CRUDE OIL.. it's only a matter of time.. CAD economy largely correlated with CRUDE OIL PRICES! USDCAD

Comment:

So far, so good! Keep riding it!