USD CAD withdrawals from highs
10/17/2016 11:48:08 AM
After getting the 1.3180 band, USD/CAD has now lost some upside momentum and has backed to the mid-1.3100s. The pair is improving part of Friday’s pullback to the 1.3100 neighborhood, reverting at the same time two succeeding sessions with losses after clinching fresh tops beyond 1.3300 the figure during last week.
As of writing the pair is progressing 0.14% at 1.3160 facing the next hurdle at 1.3315 followed by 1.3575 and ultimately 1.3840. On the other hand, a breach of 1.3100 would open the door to 1.3074 and then 1.3025.