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USDCAD extends to session lows as oil/employment data support CAD

Discussion in 'Technical Analysis' started by ForexLive, Apr 8, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Test 61.8% retracement area The USDCAD has been able to keep the bears in control post the better than expected employment data earlier today. Higher oil prices are also helping with Crude oil futures up over 6% on the day.

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  2. Eliza Abrams

    Eliza Abrams Well-Known Member Trader

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    I think USD/CAD will be back to testing 1.2900 next week.
     

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