USD/CAD Falls Further As Crude Oil Rises On Hopes For Output Deal

Discussion in 'Technical Analysis' started by Kaitlin, Jan 27, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    After spending Monday paring some of its losses from last week, USD/CAD renewed its plunge on Tuesday as crude oil rebounded due to hopes for an output restraint deal among oil-producing nations led by OPEC. With Canada's economy heavily reliant upon exports of crude oil and oil products, the Canadian[​IMG]

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