USD/CAD drops and the rips higher on jobstravagenza

Discussion in 'Technical Analysis' started by ForexLive, May 6, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    A nearly 120 pip turnaround in the pair The Canadian dollar bears were lurking in the weeds. The Canadian jobs report was a bit better than forecast and the US data a little weaker so the initial 50-pip drop in USD/CAD made sense.

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