USD CAD retreated from high
1/16/2017 8:41:30 PM
After settling session tops around 1.3147 during early trade on forex market, USD/CAD has come to an end steam and has now retreated to the 1.3135 area.
The pair has completely disappeared the December upside, shedding around 5 cents since tops near 1.3615 the figure and up to now keeping the trade above the 1.3105 handle.
As of writing the pair is progressing 0.15% at 1.3136 and a breakout of 1.3105 would aim for 1.3030 and ultimately 1.3000. On the other hand, the first obstacle align at 1.3190 followed by 1.3275 and then 1.3310.
FOREX Fundamental Analysis
Written by FxErvin