TradingView
0
All posts from TradingView
TradingView in TradingView,

can the usd/cad sell off continue?

can the usd/cad sell off continue?

As crude oil0.00%% goes up so does, the Canadian dollar0.00%% and the USD/CAD0.00%% has been plunging since oil began rallying several weeks ago. Even the failure of OPEC to agree to a price freeze could not stop oil's persistent rise. Now at nearly $44 crude oil0.00%% is approaching a congestion area it struggled with in the past. If CAD is to continue rallying against the US Dollar0.00%% , it will need to push through this area. Failure to do so will cause CAD's rally to reverse. The question is: would a fall in oil drag equity markets down with it? Hmmm....