USD CAD Trying to get on high in Forex market
7/11/2017 10:13:00 PM
The USD/CAD faded early recovery gains to 1.2937 level and ultimately stable with only peripheral gains.
Immediate support is fixed near 1.2871 area, which if broken is probable to speed up the slide towards 1.2833 horizontal support on the way the 1.2805 round figure mark. On the other hand, any recovery move might continue to confront some fresh supply near 1.2928 area, above which a bout of short-covering could lift the pair back towards the key 1.3003 psychological mark.
FOREX market analysis by FxErvin.