USDCAD will hit 1.46++ based on the following reasons:
1. Price war with Russia and Saudi Arabia
2. OPEC and non-OPEC failed to agree on the supply cut
3. Surplus of oil due to countries in lockdown due to corona virus pandemic
1. Price war with Russia and Saudi Arabia
2. OPEC and non-OPEC failed to agree on the supply cut
3. Surplus of oil due to countries in lockdown due to corona virus pandemic
Kommentera:
Now approaching the upper trendline. A break at the trendline will send the price to our desired target.