- The pair has been overbought for the past month to +700 pips as a result of falling oil prices
-Reached weekly trendline and daily trendline
- If dxy follows an upward trend and oil prices remain stable with USDCAD consolidating the pair could fall significantly
-Reached weekly trendline and daily trendline
- If dxy follows an upward trend and oil prices remain stable with USDCAD consolidating the pair could fall significantly