The Traderszone Network

Published in TZ Latest News 7 September, 2016 by The TZ Newswire Staff

Forex technical analysis: USDCAD rallies on more cautious comments

Up about 80 pips on more dovish/cautionary comments
The USDCAD has moved higher after more cautionary comments from the BOC.   
Technically, the price has moved above the topside trend line (at 1.2878 – support now) from trading this week and looks to target the low from Monday at 1.2904 (stalled so far against the level).