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Forex technical analysis: USDCAD rallies on more cautious comments

Discussion in 'Technical Analysis' started by ForexLive, Sep 7, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Up about 80 pips on more dovish/cautionary comments The USDCAD has moved higher after more cautionary comments from the BOC. Technically, the price has moved above the topside trend line (at 1.2878 - support now) from trading this week and looks to target the low from Monday at 1.2904 (stalled so far against the level).

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