USD CAD slips more below the handle
9/8/2017 2:26:20 PM
The USD/CAD pair kept on with its well-established descending trend and fell to fresh 26-month lows on Friday. The pair broke below the 1.2108 handle.
A follow over decline below mid-1.2010s would turn the pair at risk to expand the reduction towards testing the key 1.2010 psychological mark. On the upside, any recovery efforts now appears to provoke immediate persistence near the 1.2108 handle, above which a bout of short-covering could boost the pair towards 1.2133 level en-route the 1.2207 round figure mark.
FOREX market analysis by FxErvin.