USD Increase slightly versus CAD in Forex market
10/30/2017 8:16:19 AM
The USDCAD pair in Forex market gained several new positive traction at the beginning of a new trading week and stayed securely above the 1.2803 handle.
Bulls would be eyeing for a constant move back further than mid-1.2803s, above which the pair is probable to make a fresh effort towards reclaiming the 1.2910 handle before finally darting towards its next major hurdle near the 1.2947-55 area.
On the other hand, the 1.2803 handle stays an immediate support to protect, which if broken might cause a short-term corrective slide towards 1.2758 level on the way 1.2707 mark and the 1.2683-75 strong horizontal support.
FOREX market analysis by FxErvin.