OPEC has recently announced deep cuts to their output quotas for oil. This has resulted in the Canadian Dollar gaining strength against many currencies as it is a major oil producing economy.
Strength of the Canadian Dollar is now evident on the USDCAD chart. I believe USDCAD will drop for a 50% retrace from it's previous impulse move.
Strength of the Canadian Dollar is now evident on the USDCAD chart. I believe USDCAD will drop for a 50% retrace from it's previous impulse move.