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USDCAD Remains Bullish Ahead of FOMC Decision

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 1, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The USD/CAD continues to look buoyant as the pair remains supported by a strongly bullish trend line. However, last week saw the pair sliding back towards support and traders are now asking whether the pair faces a correction in the coming days. The USDCAD opened last week around 1.3355 and rose steadily before resistance at 1.3455 caused the drive to falter and the pair to subsequently pull back to around 1.3351. However, the supporting trend line is looming, which coincides with the 23.6%

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