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USD/CAD Loonie Falls as USD Gains Ahead of Fed Meeting

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 11, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The U.S. dollar advanced 0.20 percent versus its Canadian counterpart in the last 24 hours. The pair was trading at 1.3560 during the Asian open and it wasn’t until the start of the US session that the USD/CAD started appreciating and was through the 1.36 price level. At around 12:00 pm EST the rally lost a bit of steam, but the CAD has not presented any arguments for appreciation even as the Canadian new housing data beat expectations with a month over month price increase of 0.3 percent. Oil

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