USDCAD - DXY overextended - Oil trending up
After the recent DXY crazy, unreasonable run.. This week it will likely get hammered.
Oil on the other hand showed some great numbers last week after the rig count.
Thus, fundamentals point towards a bear on UC.
-4h RSI crazy overbought
-Daily RSI bearish
-Horizontal resistance
-Trend resistance
-WEEKLY FIB RESISTANCE
-DAILY FIB RESISTANCE
-CAD should strengthen as oil is on its way to a possible mild recovery
Safe and successful trading!
Oil on the other hand showed some great numbers last week after the rig count.
Thus, fundamentals point towards a bear on UC.
-4h RSI crazy overbought
-Daily RSI bearish
-Horizontal resistance
-Trend resistance
-WEEKLY FIB RESISTANCE
-DAILY FIB RESISTANCE
-CAD should strengthen as oil is on its way to a possible mild recovery
Safe and successful trading!
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