The Traderszone Network

Published in TZ Latest News 2 November, 2016 by The TZ Newswire Staff

Big build in crude sends the USDCAD higher

Build of 14420K surprises. Crude down to $45 on the news
The USDCAD has moved higher on the back of a huge spike in crude inventories. The price moved above the 100 hour MA at 1.3392 level and is holding support on the correction so far. The high reached 1.3407, a new high for the day by 3 pips. Stay above 1.3392 will now be eyed.