USDCAD to 1.46++?

USDCAD will hit 1.46++ based on the following reasons:

1. Price war with Russia and Saudi Arabia
2. OPEC and non-OPEC failed to agree on the supply cut
3. Surplus of oil due to countries in lockdown due to corona virus pandemic

Yorum:

Now approaching the upper trendline. A break at the trendline will send the price to our desired target.