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USDCAD finds resistance as Oil producers stay net-long

by Neville Hornsey
30 December 2021
in Forex
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The USDCAD found some significant resistance ahead of the 1.3000 price level. This coincided with the oil producers adding to their net long position. While the producers are long oil, we should be looking to buy the dips in WTI and Brent whilst also looking to go short the USDCAD. 

For more trading details, please check the hyperlinks with time stamp indicated from the video:

0:37 USD/CAD

1:52 LCrude

Tags: BrentCOT ReportUSDCADWTI
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