USD/CAD Daily: Maybe A Corrective Top In Place? Gold Correlation?
The corrective top labeled Wave A may be in place for USD/CAD. Near-term support at 1.3256 with scope back to at least 1.2900 level if this A Wave is complete. Gold price action may help, as the two have been correlated in here (second chart below).
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USD/CAD versus Gold (price inverted): The price series have been well correlated; thus a strengthening dollar should coincide with gold strength if this correlation continues. Gold does appear a bit "oversold" at the moment. (see next chart below)
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Gold Daily: Testing key swing low support and looking a bit "oversold".
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