This pair is moving in the series of Higher highs and High Lows Consequently and we can see on our chart that it has bounced off trendline 5th time which indicates that it is in Highly Strong Bullish Trend! Currently, it’s Hard to predict whether it’s Going Bear or Bull, We will wait for price Confirmation. It could Also Go and break Trendline since USOIL has fallen badly to 50 Price and Could Retrace Back up till 60 which indicates CAD to go strong with it only if it gonna respect the Co-relation.
Otherwise, If Dollar Going to keep the bullish momentum then we will take the Long trade after the confirmation above 1.32500.
Otherwise, If Dollar Going to keep the bullish momentum then we will take the Long trade after the confirmation above 1.32500.