USD/CAD Loonie Volatile on US Holiday and Oil Tumble

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The USD/CAD continues to follow the movements in the price of crude. The Iran sanctions that prevented the nation’s crude to be part of international trade were lifted on Saturday and put further pressure on the price of energy. Oil dropped 2 percent in the last 24 hours. The price of West Texas broke through the $29 price level and threatened $28, but is now trading around $28.89. The Canadian Prime Minister Justin Trudeau pledged that the Liberal budget to be unveiled in March will address

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