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JHtrading

USD/CAD - Breakout impending - Many confluences for shorts

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Dólar Americano/Dólar Canadense (FX:USDCAD)  
JHtrading  
FX:USDCAD   Dólar Americano/Dólar Canadense
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Looking for a break of the inner TL here, first target laying at the -0.27 extension, confluent with the added ranges of the recent double top formation. This currency pair is also positively correlated with the Dollar index, which is also showing signs of weakness. It also has a inverse correlation with Crude oil which is showing some signs of strength.

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