Big picture USDCAD is still in a corrective wave 4
Big picture the Canadian dollar can see continued strength over the next couple of months. With an elevated crude oil price which directly impacts the currency through exports (54% of exports are petroleum related) we can see 1.16 before we turn higher.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.