USDCAD trading close to high
4/25/2018 6:22:56 PM
According to Forex market the USDCAD is trading higher, success back into the 1.2846 area close to yesterday's highs.
The pair is once more trading back over its 180-day EMA which sits near 1.2627, and the current run-up is getting twisted in the 50.0 Fibonacci level of March's decline, which could fixed up into support for the pair from 1.2833, while the pair also faces hard persistence from the 1.2907 major psychological level that kept the action capped in the last quarter of last year.
FOREX market analysis by FxErvin.