USD CAD just about unmoved on forex market
1/10/2017 10:00:24 AM
According to FX market transactions, the CAD is trading just about unmoved against USD on Tuesday, taking USD/CAD to the area of 1.3235 for now.
Spot is broken gains with losses on Tuesday, though it appears to have found decent support around the 1.3215 neighborhood amongst the continuation of the offered bias surrounding the dollar and mild gains in crude oil prices.
As mentioned above the pair is gaining 0.08% at 1.3230 and a breakout of 1.3274 would wish for 1.3310 and then 1.3385. On the other hand, the immediate support line up at 1.3195 ahead of 1.3176 and ultimately 1.3117.
FOREX Fundamental Analysis
Written by FxErvin