This video explains the inverse relationship between Crude oil and USD/CAD. Crude Oil and USD/CAD pair move in opposite directions as shown in the example, in the weekly chart shown in this video. After heading in opposite direction then there is a period of consolidation in which Oil's consolidation is much more volatile. If 77.50 level for the Oil can hold and it can take price high, then it will bring USD/CAD lower. As shown in this example the price of $77.50 a barrel is a level to watch for that could decide what will happen for USD/CAD pair. This is an easy relationship between Oil and USD/CAD to watch in the Forex market and can help you profit in Forex trading.
Forex Videos
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How Oil Can Help You Profit in Forex
November 19, 2013 at 12:08
by K. Prabhu
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