A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Greetings Everyone and it’s nice to be back with you!
I decided to revisit our longer-term Canadian Dollar Chart…since we last visited this coiling Triangle formation a couple of weeks back!
The Loonie did, indeed, make a significant Break north out of the Triangle…as it’s “loose correlation” with slightly stronger Crude Oil ( and slightly be the operative word here…) is suggesting a Correction is in sight.
Crude Oil has had a significant fall lately, as the Dollar Canadian has had significant strength lately.
(We will add Crude to the CAD later in the day for a few Updates…)
Here is our old Weekly View…and I have left the same levels on the Chart that we had a few weeks ago simply for some general points of reference.
Give the Captures a Click for Commentary, and Post-Time is a bit “early” at 1:00 GMT… so we will have plenty of Room for some nice Updates!
Here is the Daily…
Finally… the Hourly.
In the Macro-View…fundamentally speaking… the probable Rate Cut in a few weeks by the Bank of Canada may, indeed, gives us more Price Appreciation with increased Risk Aversion, and will have the CAD being sold off…hence the stronger Dollar and appreciation of the Pair itself.
We will have another couple of Updates…so be sure to check back throughout the day!
Once again… it is great to be back with all of you!
