USDCAD is moving to high during Forex market
10/17/2017 4:17:21 AM
According to Forex market the USDCAD pair held some new bids and flown back to mid-1.2507s, back nearer to 2 week highs hit in the preceding session.
Bulls would be eyeing for a constant move beyond 1.2563-68 hurdle, above which the pair is probable to speed up the up-move towards the 1.2600 handle before finally darting towards 80-day EMA barrier near the 1.2703 area.
On the weakness, any pull-back from higher levels now appears to find instant support near the 1.2507 handle, which if broken could pull the pair back near mid-1.2410s ahead of 1.2417-11 strong support.
FOREX market analysis by FxErvin.