Aussie Dollar and Loonie Sync with Crude
Thursday, January 21, 2016 23:20
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by Rick Ackerman
RickAckerman.com
Crude oil quotes have bounced sharply off Wednesday’s lows, along with the Canadian and Australian dollar.
This synchronicity suggests that something more than a garden-variety rally may be under way. In any event, Rick’s Picks subscribers who used my targets to get long near the lows in these vehicles should plan to swing for the fences after taking partial profits to cushion the risk.
My hunch is that Friday will be a boring day, but that any trend in progress at the close will continue into next week.
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Source: http://financialsurvivalnetwork.com/2016/01/aussie-dollar-and-loonie-sync-with-crude/?utm_source=rss&utm_medium=rss&utm_campaign=aussie-dollar-and-loonie-sync-with-crude
