USD gained 100 pips today on the CAD, as we mentioned last week we are waiting for a clear signal that is gonna show us that CAD wants to weaken again. Oil also seems to want to weaken and showed a little rejection signal off of the 200 EMA, nothing to go crazy about but something to keep an eye out for.

We will be keeping an eye out at the 1.315-1.32 area for any type of rejection to our 1.29-1.26 area also 38.2 fib retracement. If price doesn’t give us a rejection signal at that area, then we might want to start considering going long with the appropriate price action signals in the lower time frames.

USDCAD D1

USDCAD D1

WTI D1

WTI D1

One thought on “USDCAD 22/03/16”

  1. Tyler Lund says:

    Thanks for the analysis Guy. Good work.

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