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USD/CAD bulls squeezed out as oil rebounds

Discussion in 'Technical Analysis' started by ForexLive, Feb 3, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Oil up $0.74 to $30.62 The great market mystery early this week was how the Canadian dollar remained so strong even as oil prices were falling. WTI crude was $5 from its recent highs yesterday and yet USD/CAD had risen just 150 pips from its low.

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