The fall out from the OPEC report continues
It's been a wild day for the loonie today, relatively speaking. Up to 1.3479 earlier, back to 1.3440 and now up to a new high of 1.3484.
Oil is losing more ground with Brent now hitting a 50.73 low and WTI a 47.65 low.
Make that high 1.3487 1.3491 now.
USDCAD 15m chart
Should we take on 1.3500, the immediate resistance after is last week's high towards 1.3530.
This was my post-NFP, pre-FOMC USD dip trade last week.
