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USDCAD trades at session lows. Oil continues move higher.

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

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Oil up 1.88% on the day at $47.68 Oil prices are continuing the move higher (up 1.88% on the day) and that is helping to strengthen the CAD (selling in the USDCAD). The pair is now trading at the lowest level since June 24 (Brexit day), and is below support at 1.2831-60.

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