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USDCAD moves below trend line post BOC statement

Discussion in 'Technical Analysis' started by ForexLive, Sep 9, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    No mention of further rate cuts sends the pair down on statement The USDCAD has moved lower after the BOC decision. The pair has moved below trend line support at the 1.31777 area and so far is staying below that level and looks for the next targets at lows from last weeks trading. Double bottom at 1.3115 a key level.

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