USD/CAD Upsurge Impeded By Recovering Oil Price

Discussion in 'Technical Analysis' started by Kaitlin, May 11, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The USD/CAD's recent upsurge has been halted by a rebounding price of oil today and on profit-taking given that the Loonie has reached a key resistance level around the 1.30 handle. What the USD/CAD does next will depend to a large degree on the direction of oil prices and economic[​IMG]

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