The divergence is indicating a move lower. Price action is having trouble making new highs.
Having a look at the WTI futures chart also reveals that oil looks to be bouncing. USDCAD tends to have a negative correlation with oil.
Stop is placed at 1.12640
Having a look at the WTI futures chart also reveals that oil looks to be bouncing. USDCAD tends to have a negative correlation with oil.
Stop is placed at 1.12640