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Forex technical analysis: USDCAD moves above ceiling/200 day MA (for 2nd time today)

Discussion in 'Technical Analysis' started by ForexLive, Sep 27, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Failed in the Asian Pacific session. Oil prices are lower The USDCAD has moved above the 200 day MA and the ceiling area for the 2nd time today as NY traders enter for the day. Crude oil futures are down 2.61% on the day and that is helping the pair in trading today. There are a lot of headline news as the OPEC meeting gets closer and closer so be aware.

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