Excellence is not an act but a habit.
-
USD/CAD Attempting Flag Pattern Break
USD/CAD has rallied today and is seen testing a confluence of resistance from a horizontal level and a bullish flag pattern. The flag extends back to highs posted mid-month and the horizontal level at 1.3524 reflects a spike high posted during the US Presidential elections. The pair has rallied despite a correction lower in the US Dollar index (DXY) today, as oil prices have posted a notable decline. The Loonie has posted the largest losses among the majors today and is the only currency unable to gain against the Greenback. WTI crude oil prices (USOIL) tested resistance at $48.82 this week, marking the highest ... (full story)