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Support Confluence Might Restrict USDCAD South-Run

Discussion in 'Technical Analysis' started by Kaitlin, Jan 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Following surprise announcement by the Bank of Canada (BoC) to refrain from an expected rate-cut, the USDCAD plunged from its multi-year high, the pullback was then carried forward during Thursday when the Crude prices, Canada's main export, pulled back from its lows. However, previous resistance-turned-support of 100% FE of its[​IMG]

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