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USDCAD moves toward October 2018 swing low

December 4, 2020 by admin 0 Comments

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.

This article was originally published by Forexlive.com. Read the original article here.