USDCAD Topping After Rally

٣١ مايو ٢٠١٥

The last three days have small bodies with long upper shadows showing the market rejecting higher prices. Coming as it does after a significant rally and roughly half way down from the 1.28 peak I am expecting a fall. The currency will have implications for oil. I am bullish on oil even though it may hesitate a bit after last Friday's big move up. Expectation: oil and CAD up.