Forex technical analysis: USDCAD extends to new highs as oil reaches new session lows

Discussion in 'Technical Analysis' started by ForexLive, Jan 8, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    That old trade... The USDCAD has moved to new session highs as oil prices move to new session lows (that old chestnut). The price of oil just dipped below $33 per barrel, trading to a new low of 32.69. The USDCAD, meanwhile broke back above 1.4107 (high from Jan 6) and looks toward the high price for the week - which was also very near the swing high going all the way back to July 2003 (at 1.41687 and 1.4164 respectively).

    Read full forex technical analysis here

Share This Page

free forex signals