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Forex technical analysis: USDCAD reverses course today

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

  1. ForexLive

    ForexLive Forum Member

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    Oil is off lows but technical selling helping as well Yesterday the price of crude oil fell below the $40 per barrel level (down about 3.6% on the day) and the USDCAD rose. Today the price is up about 0.9% and nearly all of the move higher in the USDCAD has disappeared.

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