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Forex technical analysis: USDCAD back following oils lead

Discussion in 'Technical Analysis' started by ForexLive, Nov 12, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Fall below 100 hour MA reversed. The price of Crude oil is trading at $43.48 or down -1.6% op the day (see ). The fall has helped push the USDCAD back higher after an earlier move that saw the price break below the 100 hour MA. The 100 hour MA comes in at the 1.3246 level. Traders should start to use the level as a risk defining borderline to lean against on dips.

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