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USDCAD trades at new session highs

Discussion in 'Technical Analysis' started by ForexLive, Sep 23, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Weaker data pushes the pair sharply higher The USDCAD rose sharply on the back of weaker than expected CPI and retail sales today. The price surge has taken the price back into the range that confined the pair until the break on Wednesday. The price is back in the range (with 1.3128 as the low and 1.3247 as the high). The pair has also moved above the 100 and 200 hour MAs at the 1.31359 and 1.31565 levels respectively.

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