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Forex technical analysis: USDCAD continues to follow the oil path

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

  1. ForexLive

    ForexLive Forum Member

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    Crude oil inventories rise greater than expected Earlier, the DOE reported that Crude oil inventories increased by 2847K for the week of October 30. This was higher than the 2500K expected and comes on the back of a 3376K build in the prior week. There have been 6 straight weeks of inventory builds. Crude Oil was trading at $47.62 prior to the report. The current price is down to $46.28 (-3.4% on the day).

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