Technical Analysis

USDCAD moves toward October 2018 swing low

Falls below 1.2800

The USDCAD has will below the 1.2800 level and in the process is moving closer to the October 1, 2018 low price of 1.27818. A move below that level would take the price to the lowest level since May 2018.  

Drilling to the hourly chart,  the USDCAD is run lower after the better-than-expected employment report out of Canada (and the weaker US report.  The price has moved from around 1.2860 down to the low of 1.2791.

Products You May Like

Articles You May Like

US stocks close mixed. S&P and NASDAQ record closes. Dow down on the day
Forex Trading Strategy |South African| Forex Kings| Profits| Technical| Advance 1
Forex trading – How to use a spreadsheet for backtesting ( backtesting results and live trading )
Professional Trading – SECRET TRICKS That Work (they will be mad that I told you this)
Markit January prelim US services PMI 57.5 vs 53.4 expected

Leave a Reply

Your email address will not be published. Required fields are marked *