BarCap near term analysis. Taking US$ continuation vs the Cad as one example and using the WTI weakness to justify its entry.
If they are wrong on WTI they will be very wrong on the usdcad which implies a reversal and ie direction and trend on the pair.
I’d be curious to ask them how they read the DX breakdown? Is the DX a mis price false break? Or is the WTI a false break?
The chart is looking for direction on this pair and is therefore an interesting pair from a trading perspective.
Here their near term comments
All the best
Rich