Loading...
Continue to Myfxbook.com
Continue to Myfxbook.com
Sign In
Sign Up
Open an account with FOREX.com
FX Tools:
Economic Calendar
Interest Rates
FX Calculators
News
spreads
Sentiment
Forex Heat Map
Correlation
Market Hours
Home
sealionllc
Posts
Share
Share this page!
Posts by
sealionllc
USDCAD
in
Experienced Traders
Aug 25, 2016 at 01:39
USD/CAD rally was short lived With the fall in oil comes a decline in the USD/CAD pair. The pair was already in a medium-term downtrend but recently had been rallying with oil. Crude oil prices made their way to nearly $50 this month which provided a catalyst for USD/CAD to rally. With the build in oil, today the momentum behind the crude rally is over, and this will weigh on the Loonie.From a technical perspective, the pair has been consolidating sideways all week near the 1.2950 area which is a support/resistance line tracing back to October 2105 with multiple touch point since then. On ...
You have an Ad Blocker!
Myfxbook is a site supported by advertisements. Here are two ways for you to continue browsing:
Ad Free Subscription
or
Disable your Ad Blocker
Already subscribed?
Sign In
You're not logged in
This feature is available for registered members only.
Registration is free and takes less than a minute.
Click the sign up button to continue.
Unless you're already a member and enjoying our service, then just sign in.
Keep up to date with the markets
Enable notifications to receive real-time important market updates:
Economic Calendar
Forex News
You can disable notifications at any time from your browser.
Unblock Notifications
You've blocked browser notifications for Myfxbook.com. Please enable it:
You can disable notifications at any time from your browser.
PREVIOUS
CONSENSUS
ACTUAL