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KKby u/karim.karimi·49mAnalysis

USDCAD and the latest oil inventory build

Watching $USDCAD closely today, especially with the latest API data showing a larger-than-expected crude inventory build. We're currently sitting around 1.40039, holding just above yesterday's low. It's interesting how little reaction we've seen from that inventory news so far, considering the usual inverse correlation.

I'm curious if this is just a lagged reaction waiting for official EIA data, or if other factors are simply outweighing the oil narrative right now. Will be keeping an eye on whether we retest the 1.3992 support or if there's an upside correction if the CAD strength fades.

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