WTI crude down $1
USD/CAD has been a grind-of-a-trade for the past few weeks as flows and oil compete to a standstill.
At the moment, the pair is taking another look at the upside after several attempts earlier in the day to push below 1.3020 failed. Last was at 1.3080 with yesterday's high of 1.3098 looming.
I like the upside but I believe the trade is to wait for the consolidation formation to finally crack (as oil breaks down).
