Friday close was bearish…

Friday close was bearish…


Although Canadian numbers came in VERY weak, oil             prevented USDCAD             from flying up to the moon and kept it contained. OPEC has agreed to a smaller than expected production boost, estimated 1m combined per day output increase. Technicals are pointing towards a minor correction, whether USDCAD             will then continue up remains to be seen. 1.3383 is the latest high wick, although it failed to close above the previous candle.