USD/CAD Rallying On Oil Weakness, But 1.40 Barrier Still Intact

Discussion in 'Technical Analysis' started by Kaitlin, Feb 17, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Traders are abuzz this morning with the 'news' that Saudi Arabia, Russia, Qatar, and Venezuela have agreed to freeze oil output at the January's levels, ostensibly in an effort to support oil prices. Speaking bluntly, this agreement (which is still conditional, as it depends on other countries supporting the move)[​IMG]

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