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Forex technical analysis: USDCAD moves higher on lower oil

Discussion in 'Technical Analysis' started by ForexLive, Jun 2, 2016.

  1. ForexLive

    ForexLive Forum Member

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    OPEC does not include output ceiling... The OPEC meeting is over and there was no mention of a output ceiling in communique. So oil price have moved lower - reaching a low at $47.95. The price is currently trading back up at $48.13. Expect more headlines from ministers and movements from the ups and downs in oil to follow.

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