Wednesday, 17 December 2014

USD/CAD update

The plunging oil price has knocked the wind out of the Canadian dollar and price is approaching a key zone; highlighted by the gold rectangle.

The top dotted line near 1.1800 signifies 'The last low before the high', which is often a strong support or resistance level. A breach of that resistance would clear the way for a run at 1.3000.

No comments:

Post a Comment