Rally coming in USD/CAD

Market Analyst • Mar 8, 2018 at 10:38 PM EST

Technicals suggest that a big rally is coming in the USD/CAD

This will be part of a series where I feature an asset class which is either bullish or bearish on daily, weekly and monthly time frames. This weeks asset class of the week is the Canadian Dollar (USD/CAD) which is bullish across daily, weekly and monthly time frames. The Canadian Dollar is weak despite strong oil prices off late. Perhaps the Canadian dollar is signaling a weakening Canadian economy ahead or an upcoming collapse in oil prices due to broad based dollar strength. Data from investing.com:

USD/CAD Daily:

USD/CAD Weekly:

USD/CAD Monthly:

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