USDCAD has been trading in a range holding on to its profits from two weeks ago as WTI keeps reaching for that 50$ mark. We are still looking for 1.32 by the end of the month, therefore we can look for any USDCAD weakness to place a long position and wait till Oil decides to crash once it reaches its 50$ point
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About The Forex Analyst
Guy Pelletier is the Canadian analyst for Forex.Today and has been trading forex since 2010. He has also been involved with software development deployed within money transfer facilities across the country.