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Re: DiscoverGold post# 1892

Tuesday, 04/12/2016 1:50:04 PM

Tuesday, April 12, 2016 1:50:04 PM

Post# of 1958
Continued Recovery Strength in the Canadian Dollar Argues for Still-Higher Oil Prices
By MPTrader

* April 12, 2016

Let's notice that the USD is pressing on its March low at 1.2860, a level last seen in July 2015.

It should come as no surprise that "petro-currency" CAD has climbed 14% since Jan 20 as Crude Oil has recovered from $26.06 to nearly $42.00 during the same timeframe.

And in that USD/CAD appears to be on the verge of breaking down further (CAD stronger), perhaps the set-up also is "warning us" to expect additional strength in Crude Oil too?



https://www.mptrader.com/middayminute/

• DiscoverGold.

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Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold

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