Loonie And WTI Oil

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The Loonie and WTI oil are highly correlated and both look like new lows are coming. Again, the CFXUA suggests US dollar sellers hold off current hedging activity and remove any open US dollar sell orders. Look for a test weaker to the $C 1.3650 ($US 0.7326) area.

Loonie And WTI Oil

CAD (red), WTI Oil

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