Price has broken outside 1.2915s resistance and made a dip 1.2535s and making a new high 1.3380s suggesting uptrend in place.
There has been many things to consider outside charts on UC IMO.
Recently USA has been imposing sanctions on many nations China, Russia, North Korea and Iranians too.
On the hypothesis
"If oil dropped 70s higher USD will fly vs CAD IMO based on
USA imposting sanctions on Iran to devaluate their currency but still Iranians says they are good oil at 70s, we can sell our oil to asian countries."
Now the next question on the card is IS FED RISING rates too much fast?
Yet I'm expecting a dip to buying on UC.
BOC also hiked few times earlier
DXY slightly bullish