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Forex technical analysis: USDCAD succumbs to the oil rise

Discussion in 'Technical Analysis' started by ForexLive, Nov 4, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Crude oil up over 3% in trading today. I commented on how the price of the USDCAD was rising in sympathy with the USD bid. However, there was a caveat. That was that oil prices were up 2%. Typically, the CAD rises as oil prices rise.

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