Loonie hits fresh highs vs US dollar, boosted by higher oil price and strong jobs data

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    USDCAD Loonie enjoys fresh support from rising oil price and better-than-expected Canadian jobs data, which showed surprisingly higher creation of new jobs in March, with unemployment rate falling to 7.1%. The US dollar hit fresh session low against CAD, on probe below psychological 1.3000 support, extending today’s fall from day’s high at 1.3154. The pair is on track for strong daily bearish close, which is expected to boost overall bears, if close occurs below 1.3016 (bottom of three day

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