Crude oil looking over the cliff - USD/CAD moving along
U.S. Dollar/Canadian DollarFXCM
詳細
⋅ This has been my favorite scenario since my Sunday analysis.
Crude Oil is showing THE textbook reversal pattern. It seems as if the trendline is the only thing still holding Crude up.
At the same time, the USDCAD has already started to move higher after its reversal pattern.
A break of the trendline on Crude could lead to a huge USDCAD rally.