USDCAD
The pair is breaching 1.3130 resistance level. Should the fall in oil prices continue, as well as growth in US oil supply and positive data from ADP will provide the pair with additional support.
The price is higher than the missle Bollinger band, higher than SMA5 and SMA14. RSI …
USDCAD
The pair encountered resistance at the 1.3130 level and is now lowering amid the correction in oil prices. If the API data fromt he US shows the reduction of gasoline and crude oil supply in the US, then the price can fall, while their growth will start pushing the …
After a significant fall in oil prices that is taking place prior to the publication of the Crude Oil inventories in the US (03-08-2016), we can expect a correction to step in. In USDCAD we expect the Canadian Dollar to gain strenghth amid the recent weak statistical data on the …
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