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USD/CAD Rebound Could Be Short-Lived

Discussion in 'Technical Analysis' started by Kaitlin, Mar 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The USD/CAD has collapsed after its parabolic rise ended in mid-January, when oil prices first showed signs of stabilisation. Since peaking at just shy of 1.4700, the Loonie has tumbled to below 1.30, hitting a low of 1.2925 last week. It has shed in the process some 1765 pips from[​IMG]

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