Lifestudent38

USDCAD Long on CAD pressure

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
4
A hawkish BoC has helped the CAD to recover grounds amidst favorable economic conditions, however pressure on oil prices following disappointment in OPEC production cut extension and widening IR Differential with the states will keep the pressure on the CAD for now. Key resistance levels at 1.3730
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