USDCAD selling off.
Oil has bounced off the reverse of the 4 hour down channel reported here and is currently heading higher at 57.69, up over 2% on the day. Also a beat on the Canadian manufacturing data has given more fuel for CAD bids and price has aggressively sold off the 100 EMA on the 1 hour chart. Next target is the 4 hour 200EMA if price can break through the daily lows. Price now at weekly USDCAD lows at 1.3147