So resistance at 40 but its going to be a hard battle to even get there
Brent is now below crude and is down over 1% in the asia session
It feels like this pair was just at 1.7 a couple months ago wow. Strong downtrend still in play
this thing is moving
Bad data from UK has caused a big sell off
Oil up but the USD is still strong against CAD. If oil starts going back down this pair will easily go up more. I say remain long, the only reason it went up anyway is because oil going from $100+ to $40 then even lower.
The more you know about the markets the better off you are. Sometimes just doing nothing on the sidelines is being better off.