Forex technical analysis: USDCAD tumbles below 1.4000 on oil surge

Discussion in 'Technical Analysis' started by ForexLive, Jan 28, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Tests the next downside targets..Room to roam The USDCAD is tumbling as production cuts send will prices surging higher. Technical technically, the price of the dollar Canada has moved below the December high price at 1.4000. It is currently testing the 38.2% retracement of the trend move higher from the October low to the January high. That level comes in at 1.39795.

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