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Forex technical analysis: USDCAD rallies. Oil below $40 per barrel

Discussion in 'Technical Analysis' started by ForexLive, Nov 20, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Crude oil below $40 for first time since August. Yesterday, the USDCAD largely ignored lower oil prices and traded down on the day. Today, oil prices have fallen below the $40 a barrel for the 1st time since August (the low for the December futures contract in August reached $39.22), and the price of the USDCAD has moved higher in response.

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