USDCAD is showing clear signs of weakness on the H4 timeframe after repeatedly failing around the 1.3710 resistance level. The price has been consistently rejected at the descending trendline above, indicating that buyers lack the strength to confirm a breakout. Notably, while the USD is still supported by higher-than-expected US CPI data, the CAD is holding its price relatively well due to persistently high oil prices driven by geopolitical tensions. This is putting significant pressure on USDCAD's upward momentum. Technically, the current structure suggests a high probability of further correction towards the 1.3650 support level and even lower to 1.3620 if selling pressure persists. In the short term, I still favor a bearish scenario as long as USDCAD remains below the 1.3710 resistance level.... Read more

While the market chased: * AI hype, * semiconductors, * fast money momentum trades, Strathcona quietly accumulated something far harder to replace: # decades of oil reserves. Not hype reserves. Not “next quarter” reserves. Real reserves. Real infrastructure. Real barrels. The market spent the last decade rewarding financial engineering. Meanwhile, Strathcona built: * long-life heavy oil assets, * refining access to the U.S. Gulf Coast, * rail infrastructure, * low-decline production, * deepest sub-$50 WTI inventory bases in North America. the world is beginning to rediscover something uncomfortable: You cannot run industrial civilization on narratives alone. You need: * diesel, * jet fuel, * petrochemicals, * transport fuels, * long-duration energy security. And while many shale producers are fighting inventory depletion, Strathcona is talking about: # decades . That’s the part the market still struggles to price. Because SCR is not trying to become the fastest-growing oil company. It’s trying... Read more

https://www.tradingview.com/x/gpWhzqnf/ AUDCAD on the 1H chart is still trading within a corrective structure after the strong rally to the 0.9930 high. Instead of continuing higher immediately, the price began moving within a falling channel, indicating that momentum has slowed in the short term. The current structure looks more like a controlled pullback rather than aggressive selling. At the moment, price is struggling to reclaim the upper boundary of the channel, while sellers continue defending the resistance zone near 0.9921 . As long as the pair remains inside the channel, the correction phase is still active, and wave 4 may need more time to complete. The downside support levels to watch during this correction are 0.98821 and 0.98518 . Those areas could act as the completion zone for the current pullback before buyers attempt to regain control. If wave 4 completes successfully and AUDCAD breaks back above resistance, the next upside... Read more