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Forex technical analysis: USDCAD moves above 100 day MA

Discussion in 'Technical Analysis' started by ForexLive, Jan 11, 2017.

  1. ForexLive

    ForexLive Forum Member

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    On the day oil is moving higher (after two days of strong selling), the CAD gets weaker. Go figure. Crude oil futures tumbled on Monday and Tuesday and the USDCAD did little. Today crude oil is moving higher (+$0.70 or 1.35%) and the CAD is getting weaker.

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