The Traderszone Network

Published in TZ Latest News 10 August, 2017 by The TZ Newswire Staff

Forex technical analysis: USDCAD at a key downside test level

The 100 hour MA held on the last test.  Testing again (at a higher level) today.
The USDCAD has moved lower after the US PPI data today. Crude oil cracked the $50 level as well which is helping to strengthen the CAD (lower USDCAD). Crude oil moved up to a high of $50.22 (currently at $50.10).