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USD/CAD Surges To New 12-Year High As Crude Oil Extends Plummet

Discussion in 'Technical Analysis' started by Kaitlin, Jan 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    USD/CAD continued to rise above its 1.4200 resistance target on Tuesday, hitting yet a new 12-year high, as the US dollar maintained its recent strength and the Canadian dollar was further weakened by plummeting crude oil prices. The West Texas Intermediate (WTI) and Brent Crude oil benchmarks fell to new[​IMG]

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