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Forex technical analysis: USDCAD buys time

Discussion in 'Technical Analysis' started by ForexLive, Nov 6, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Above 200 hour MA The USDCAD is buying some time - trading higher and lower in trading today. The Ivey PMI will be released at 10 AM with estimates of 54.0 vs 53.7. The index can whip around (the low for calendar year is 45.4 in January/ the high was 62.30 in May). Oil prices which have been a catalyst for moves this week, are down about -0.40% today at $46.14 (was down about 1% a few minutes ago).

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