USD CAD moving down on daily lows
1/5/2017 8:58:09 AM
According to forex market transactions, The dollar stayed on a weak way, taking USD/CAD to current daily lows in the 1.3250 area.
Spot saw growing weakness pressure on Thursday, withdrawing for the 3rd session in a row and warning sellers to break below the key support at 1.3315 the figure to print fresh 3-week lows.
As mentioned above the pair is dropping 0.26% at 1.3267 and a failure of 1.3257 would try to get 1.3117 and then 1.3080. On the other hand, the next up barrier is placed at 1.3310 followed by 1.3390 and ultimately 1.3465.
FOREX Fundamental Analysis
Written by FxErvin