USOIL is at a major trendline from a year ago and the .618 fib level of the last major leg. Also, two pin bars have formed around this area. Also, the USDOLLAR is weak across the board after the rate hike. Technically, we have a MACD crossover, a cypher pattern on the daily chart, and then a rejection of the 8/21 with a bearish pin bar. Finally, USDSEK, which is correlated with USDCAD has broken a huge trendline suggesting further momentum. I am targeting 1.32 then 1.30. I have a stop loss above 1.341 and opened short at 1.337.
CADcanadiandollarSEKUSDUSDUSDCADCrude Oil WTI

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