USDCAD developed its latest gains in Forex market
3/1/2018 6:38:20 AM
The USDCAD pair fluctuated in a slim trading range, just below mid-1.2810s, and was seen developing latest strong gains to over two-month tops.
Momentum further than mid-1.2810s is probable to expand near the 1.2907 handle, above which the pair appears all set to exceed 1.2913-23 supply zone and improve its latest upbeat momentum.
On the other hand, the 1.2805 handle now appears to defend the immediate weakness, which if broken might cause some extra profit-taking and speed up the reduction towards 1.2757 intermediate support.
FOREX market analysis by FxErvin.