USDCAD Boosting from session lows
11/7/2017 4:23:50 PM
According FX market, the USDCAD pair broke almost one week of losing streak and has now recovered most of previous session's slide to 3-week lows and trading 1.2705 handle.
A follow over buying interest further than 1.2786 area has the possible to boost the pair beyond the 1.2803 handle towards its next hurdle near the 1.2847-55 area.
On the weakness, the 1.2711 handle stays a key support to defend, which if broken would turn the pair at risk to expand its corrective slide towards 150-day EMA support near the 1.2617-25 area.
FOREX market analysis by FxErvin.