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Forex technical analysis: USDCAD trades a new session highs

Discussion in 'Technical Analysis' started by ForexLive, Jan 25, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Oil price trading near session lows The USDCAD is pushing to new session highs as oil prices dip toward it's session lows (-4.22% on the day). The pair tumbled more than 50% of the move up from the January 4 low to the high just reached on Wednesday at the 1.42509, and extended to a low price of 1.4113 on Friday. Today has seen buyers come back in. The move to new highs has the pair retesting the 50% level at the 1.42509. A move above should solicit more buying.

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