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USDCAD hanging near highs as Crude oil tests $40 per barrel

Discussion in 'Technical Analysis' started by ForexLive, Aug 1, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Tests $40/down 3.63%. Have not been this low since April. but Crude oil is trading down 3.63% and that is keeping the USDCAD supported in trading today. The price of the active contract is at $40.08 currently. Correction....the price just dipped below the $40 level. This is the 1st time the price has traded this low since April.

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