Is oil moving up again? I don’t see that with this USDCAD forex pair. Remember this Canadian dollor is supposed to be a commodity currency pushed by the price of oil. I checked the USD’s DXY, which shows a little strength in the US dollar over the last few days. There seems to be no solid drive here for this incline, but I am unsure if it is sustainable over the long run. There are hardly any instruments moving positively today with my latest scans against the forex and CFD universe.
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