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Canadian election: Liberals take solid lead, Watch 1.3060 in USD/CAD

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Bali) - Early results point to a strong lead by Canadian Liberals in today's national election.

    Liberals have obtained over 75% of the votes in Newfoundland, which exceeds by more than 15/20% pre-election polls, while a major swing in favour of Liberals has also been seen in Atlantic Canada.

    At present, following the strong rise in the NA session, the USD/CAD is approaching its Monday's high at 1.3027, with a break likely to expose the 1.3055/60 area, where the DailyR1, WeeklyR1 and MonthyR1 intersect.
    For more information, read our latest forex news.
     

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