CAD rinsed as Oil slides

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Following on from yesterday's commentary, the Canadian dollar has continued its rout overnight alongside its old cohort, crude oil. With its vast oil reserves, it’s no coincidence that the Canadian economy and its currency have an affinity to the price of crude oil. Meanwhile the CAD has been hit with a new round of selling with the USDCAD pair hitting fresh 11-year highs and experienced solid losses against Japan’s Yen. And it’s not just about its performance against the greenback. Using

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