USD/CAD Drops to Key Level as Crude Oil Rebounds

Discussion in 'Technical Analysis' started by Kaitlin, Aug 11, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    USD/CAD dropped to a major support level around the psychologically significant 1.3000 level on Thursday as the US dollar remained stagnant and crude oil made a strong rebound, boosting the oil-linked Canadian dollar. Thursday's rebound in crude oil prices came after the International Energy Agency projected that crude oil markets would[​IMG]

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