USDCAD turns lower ahead of key resistance, sells off with eyes on 0.9840

We continue to hold our downside view on USDCAD. As long as the pair remains below its key support at the 1.0048 level , further downside threats are inevitable. A sharp sell off during Monday trading session has confirmed the above view and opened the door for a run at the 0.9840 level, its Mar 01... FF News: Technical

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USD/CAD Slides Sharply as WTI Oil Futures Jumps from a Double Bottom

When talking about the Loonie (CAD), we can often see strong correlation to oil, specifically the WTI Oil futures. Teh 4H chart shows oil rallying sharply today forming a double bottom after breaking above 104.05. The momentum in the 4H chart has not turned bullish yet, and note that this rally is... FF News: Technical

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