USDCAD Weekly Analysis - March 9th - 13th

2020-03-09 00:18:31

Will wait until we get a break of 1.34360 until i enter anything. If we pull back to 1.3400 i will look at entering longs from there. Fundamentals from this weekend: Saudis are planning a huge price war... this is BAD for CAD. Russia went against alliance so Saudis are fighting back with ramping up production in turn which will saturate the market. I could see this 1.34360 level breaking early this week. Will keep my eyes peeled during market open today.