USDCAD trades at new session lows and tests MA support

Discussion in 'Technical Analysis' started by ForexLive, Apr 18, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Oil prices down -2.73% at $39.26 (off low of $37.61) Oil prices have recovered off the the lows at $37.61 (up to $39.26) and that has helped send the USDCAD back lower toward support against the 100 hour MA. That level comes in at 1.2840. The low just reached 1.2840. There is an upward sloping trend line at the 1.2836 level as well which has provided support on the test....

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