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USDCAD trading at session highs

Discussion in 'Technical Analysis' started by ForexLive, Sep 28, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Oil prices are down 2.43% but off the lows The USDCAD is trading at new session highs at 1.3381. The price is trading at 1.33815. The high from last week extended to 1.3415 but the price quickly reversed. A close up here would be the highest close for the year (1.3336 was the old high close). The USDCAD was last this high in June 2004. Looking at the daily chart, topside trend line resistance comes in at 1.3460. The high from last week and that trend line are the next targets.

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