Here is a video of my appearance on CNBC this morning, in which I am talking about my views on the forex major pair, USD/CAD.
I believe that the deterioration n the momentum on the US dollar is being reflected in this chart here. The Canadian dollar has been under huge pressure in the past 12 months, but now momentum indicators suggest that a change of outlook may be approaching. I find this to be an interesting development due to the fact that the Loonie has previously been one of the worst performing majors against the dollar but it could now be turning a corner.
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