USDCAD, when sellers finally managed to break below 1.30 major level in November 2020 and eventually continued to lower towards 1.20 level which that marked the low of 2021, and kept the USDCAD ranging between 1.20 – 1.30 throughout 2021.
In the Asian Session, buyers failed to push the price above R1 level which checked another confluences of short sellers stepping in. Another confluence that needs to be paid close attention is the RSI divergence that is a signal of potential downward movement to take place soon.
WTI, Price aimed for recovery after a sharp decline from October 2021 High at $85/b. In the Asian session $65 level remained solid to hold the price for not moving lower. Only if buyers managed to break above 100-200 moving average, then we might see a true potential upside movement.
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