22.04 - USD/CAD is growing despite low activity
- by Anna K.
Take a look at USD/CAD. With the growth of prices for oil the couple is pulled back – after all the prices rise and concern for the supply is growing as well. The higher the concern is the weaker CAD is going to become. Although both the movement and the price for CAD are pretty predictable.
USD/CAD is climbing higher and higher and there is no sign of why the growth should stop here, although it is predicted that the currency is going to hit resistance line pretty fast at this rate.
Will slow trading help the couple grow or will concern for the oil supply win the battle? Use your trading signals to find out!