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Currency of the week: USD/CAD, 3 factors moving it up

The Canadian dollar is not only a commodity currency. Oil prices may be a significant factor around big turnarounds in oil prices, but there are two other factors which will impact the pair in the medium and longer terms. We discuss the state of affairs for the Canadian dollar and examine the charts, looking towards the upside.

Here is the video about USD/CAD:

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.