USD CAD Decreased around the session in Forex market
8/18/2017 11:04:29 AM
The USD/CAD pair decreased part of preceding session's strong recovery gains from sub-1.2603 level and now trading around 1.2665-50 area.
A follow through retracement below 1.2653 level might keep on pulling the pair towards 1.2615-2610 support, which if broken is probable to speed up the slide towards its next major support near mid-1.2503s.
On the upside, 1.2677 level now becomes immediate persistence, which if cleared has the possible to boost the pair beyond the 1.2705 handle towards its next major hurdle near the 1.2737-47 area.
FOREX market analysis by FxErvin.