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USD/CAD Rises To Key Resistance On USD Rebound, Crude Oil Pressure

Discussion in 'Technical Analysis' started by Kaitlin, Sep 14, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    USD/CAD rose sharply on Tuesday as the US dollar rebounded despite Monday's dovish comments from Fed Governor Lael Brainard, and falling crude oil prices pressured the Canadian dollar once again. This drop in crude oil occurred after the International Energy Agency (IEA) projected a persisting oversupply situation well into 2017[​IMG]

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