Bsapps

Friday close was bearish...

FX:USDCAD   U.S. Dollar / Canadian Dollar
Although Canadian numbers came in VERY weak, oil prevented USDCAD from flying up to the moon and kept it contained. OPEC has agreed to a smaller than expected production boost, estimated 1m combined per day output increase. Technicals are pointing towards a minor correction, whether USDCAD will then continue up remains to be seen. 1.3383 is the latest high wick, although it failed to close above the previous candle.
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