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USD/CAD Breaks Down on Surging Oil, Weaker US Dollar

Discussion in 'Technical Analysis' started by Kaitlin, Mar 5, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    USD/CAD extended its six-week-long plunge on Friday after mixed US employment data weighed on the US dollar and crude oil surged due to both the weaker dollar and resilient equity markets. While Friday's US non-farm payrolls report for February came out significantly better than expected at 242,000 jobs added vs. the[​IMG]

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