Joe Biden's announcement that the U.S. will release a million barrels of oil a day from its strategic reserves over the next six months helped ease the upside pressure on crude oil prices for now. How is that intervention going to affect the inverse relationship between USDCAD and oil has yet to be seen. In our latest Elliott Wave analysis we've already identified the most likely scenario for the pair, as well as the key price levels to keep an eye on.
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The post Elliott Wave Analysis of USDCAD – April 4th, 2022 appeared first on EWM Interactive.