USD/CAD rebounds from support after oil inventory report

Discussion in 'Technical Analysis' started by ForexLive, Apr 27, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    USD/CAD touched the June high USD/CAD is down more than 2000 pips since mid-January and it touched another fresh low of 1.2572 earlier today. The low nearly matched the June high of 1.2563. That was resistance until it broke in July and now it's modest support.

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