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More Solid US Economic Data May Not be Enough to Save USD/CAD Bulls

Discussion in 'Technical Analysis' started by Kaitlin, Feb 25, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    One rival that has been particularly strong against the greenback of late has been the Canadian dollar. After nearly reaching 1.47 five weeks ago, USD/CAD has fallen by more than 1000 pips to test its 100-day MA near 1.3630 as of writing. The pair's collapse has coincided with a rally[​IMG]

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