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Forex technical analysis: USDCAD slumps despite OPEC/weaker data

Discussion in 'Technical Analysis' started by ForexLive, Dec 4, 2015.

  1. ForexLive

    ForexLive Forum Member

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    OPEC increases output. Trade data and employment data not so great The USDCAD moved higher as Canada trade data and employment data was not so great. Also OPECs rise in production has sent oil prices lower. However, the pair quickly ran out of steam above the 1.3400 level and is back down to the middle of the trading range in herky jerky trading.

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