Interesting situation is boiling up in the market. EUR strength collects some comments from analysts, which are hard to prove. CHF and JPY strength could be devoted to market participants' uncertainty in the equity markets. And last but not least, Oil has reached a psychological barrier of 30 usd. Considering these developments, it's fair to expect an adjustment to a far overbought USDCAD.
USDCAD could not extend gains with recent oil declines. Still waiting for a reversal pattern. However, look…
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