Remember that USDCAD has a negative correlation with USOIL... which means lower that USOIL goes the higher that USDCAD pair will go up. Which is shown on this chart. From from HA candlesticks (which should be used to measure strength of a current TREND)... bulls have control over this pair. Last two green HA candlesticks have no lower wicks or shadows, which shows bulls still have a strong trend going on.
On this USDCAD 1 hour chart, pair has room to go up to at least to 1.30500 resistance area, during 1 st day of trading. Will be consulting 1 hour charts to make shorter time bullish trades during 1st trading day & this coming week.
On this USDCAD 1 hour chart, pair has room to go up to at least to 1.30500 resistance area, during 1 st day of trading. Will be consulting 1 hour charts to make shorter time bullish trades during 1st trading day & this coming week.