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Results for 'USDCAD'

1 article with this tag name

USD/CAD in focus ahead of data, holding above key support

Updated  Oct 16, 2015 7:25:00 AM

Yesterday saw the USD/CAD arrive at and then bounce from a major technical support level of 1.2835 after its recent retreat from a major Fibonacci exhaustion area. What it does next could determine the direction for the next several days at the very least, though we may have potentially already seen the top for the Loonie. In truth, a lot will depend on the direction of oil prices, with crude being Canada’s number one  [...] Continue Reading ...

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