USDCAD in Forex Trading News
10/6/2017 4:57:14 AM
The USDCAD pair was seen improving overnight strong gains and is now moving slowly towards the 1.2610 handle.
Momentum away from the 1.2610 handle is probable to get expanded towards 1.2623 level, above which the pair is probable to dart towards its next major hurdle near the 1.2675-85 area.
On the other hand, 1.2545-50 area now appears to protect immediate weakness, which if broken could pull the pair back towards the key 1.2503 psychological mark on the way 1.2477 horizontal support.
FOREX market analysis by FxErvin.