London got the best of the USDCAD yesterday with over 100 pip move to the upside. The pair stood still in the US open staying within the range of 1.333 and 1.34. We could possibly expect higher movement in the long term to possibly retest the 1.375 area but in the short term we should keep an eye out for the USDCAD 4 hour time frame which seems to be over extended to the north. At the moment we remain neutral on this pair, and could expect some more movement tomorrow as the crude oil inventories shall be released.

USDCAD D1

USDCAD D1 15 03 16

WTI D1

WTI D1 15 03 16

One thought on “USDCAD 16-03-16”

Leave a Reply