USDCAD reduce from highs
3/7/2018 5:17:17 AM
The USDCAD pair removed some of its early strong gains and has now recoiled around 27-33 pips from session tops and trade at 1.3007.
From existing levels, the 1.2911 handle now appears to attract several new buying interest and is followed by the 1.2874 strong horizontal support. On the positive aspect, momentum beyond the 1.2966-70 area might stay to provoke some fresh supply near the 1.3003 handle, above which the pair appears all set to expand its recent bullish trajectory.
FOREX market analysis by FxErvin.