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Forex technical analysis: USDCAD turns around...

Discussion in 'Technical Analysis' started by ForexLive, Nov 21, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Slower Wholesales trade sales and lower oil help but only to a point In Canada today, slower wholesale trade sales and lower oil prices helped to lower the CAD (higher USDCAD), but the price could not get and stay above the 200 hour MA nor move above the 50% of the move down from yesterdays post FOMC minutes high (at 1.33067). The US dollar weakness has taken hold and is helping to push the pair back lower.

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