crude oil woes

USD/CAD Finally Managed to See Price Recover on Crude Oil Price Weakness

USD/CAD Hourly (H1) Chart
USD/CAD Hourly (H1) Chart

USD/CAD: The pair finally managed to see price recover above the 1.41 handle on crude oil price weakness driven by IMF warnings. Further, USD’s recovery from the previous session’s losses also helped it move back above 1.41 handle. Traders now await US data, EIA stockpile info, and BOC interest rate decision for short term profit opportunities and directional cues.

Please feel free to share your thoughts with us in the comments below. 

Was this post helpful?