USDCAD 4 hour chart has a 1.31500 (high) and 1.29500 (low). Next week USDCAD bullish & USOIL bearish will meet at around 1.30500 (middle of chart by BLUE line). In my opinion, both pairs will continue in there directions next week.
Both pairs are negatively correlated, so when one pair goes UP other pair will go DOWN. Price action is #1 and money management. On lower time frames and trade times, will be looking for bullish opportunities with USDCAD pair. Also, please note on bottom of chart--- a lot of news will be coming out related to USDCAD pair, which will effect both pairs.
Both pairs are negatively correlated, so when one pair goes UP other pair will go DOWN. Price action is #1 and money management. On lower time frames and trade times, will be looking for bullish opportunities with USDCAD pair. Also, please note on bottom of chart--- a lot of news will be coming out related to USDCAD pair, which will effect both pairs.