Oil: Is The Freefall Going To Last Long?
NOB BINARY CAPITAL | Jan 13, 2015 04:52AM ET
The prices of oil this year began with a fall due to the increase in sentiment over the production cut by the Oil Producing and Exporting Countries. The financial markets have correlation especially the commodities and the currency pairs of the countries that have a large component of their revenue generated coming from exports of the oil.
The loonie as seen below is seen to have broken several support levels against the base dollar in the pair AUD/USD currently trading at a low of 0.8135.
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