flexxfx

USDCAD - Short in Sight

Short
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD is pushing towards weekly strong resistance trend-line. Currently, highly overbought and pushing for new highs. USDCAD is likely to top at 1.4234 (watch for a spike to this level). Also, oil appears to be bottoming at the current price level which will highly boost CAD and USDCAD short
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