USD/CAD, jump on oil decline!

mario urlic usd-cad 12.11.

I followed the USD/CAD consolidation in this channel for few days and todays break after the oil slump. Well, the pair reached resistance now, which start in 1.3315/20 > 1.3350/65 the stronger one. Let’s see how will sellers react now and can the buyers break this. If not, decline back toward 1.3250/60 is possible. US dollar is strong today for now, FED members are coming up, one by one in the afternoon. It’s not so interesting on the other pairs today, at least we have some action here. Let’s see what next!?

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2 comments

  • Awasome intra day analysis Mario, realy awasome. Thank you.

    Liked by 1 person

    • Thanks, it’s nice, agree. 🙂

      Like

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