The USD trying to improve itself versus CAD
1/24/2017 9:07:54 AM
According to overnight trade activities in forex market after declining near 1.3215, USD/CAD has succeeded to gain some buying interest and is now testing session highs in the 1.3235 area.
The pair is considering to return the negative start of the week, as yesterday’s up move to tops near 1.3327 needed of follow through and caused a cent-correction lower, always versus the backdrop of a broad-based fragile dollar.
As mentioned above the pair is gaining 0.01% at 1.3238 facing the next persistence at 1.3272 followed by 1.3296 and ultimately 1.3337. On the other hand, a break of 1.3210 would aim for 1.3116 and then 1.3075.
FOREX Fundamental Analysis
Written by FxErvin