The USD/CAD pair has retested and stopped at the recent all-time lows in the 0.9450 area as the current outlook for the USD is so weak. Add in the fact that Canada exports so much oil to the USA – and this makes for a perfect storm. Look to sell on a break of the lows, and any rallies as long as we stay below the 0.97 level. Buying is a great way to lose money at this point.
Originally posted here
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