Market Focus: USDCAD
Today we look at the USDCD daily chart and breakdown some of the technical analysis we’re watching.
Yesterday the USDCAD continued to hold from support this was despite some solid moves at stages from risk currencies. Today so far we’re seeing a 0.29% rally that’s broken yesterday’s open. We look at oil and risk as they’re two sides of buyer momentum for this pair. We would like to see buyers hold a rally for the rest of the day and hold support. There is no high impact USD data due in today’s NY session.
Today’s Market Analysis Video