The healthy bit of skepticism I have for the dollar’s move higher was well placed. I still feel that the Canada/Crude connection is one that will be partly responsible for the potential bottom. With that in mind notice that the dollar still has not been able to test and trade above 76.00 — in fact today represents a lower high.
My main play yesterday was a swing buy off the top line of the Wave in crude oil. But the rebound in crude wasn’t much help to the loonie as the support in the U.S. Dollar has pushed the dollar-canada up towards 0.9700 once again.
I’ll check in again tomorow…if you’re in Vegas be sure to stop by and say hello.
Inside technicals and chart patterns by 
