USD CAD recoil lows in Forex market
3/7/2017 3:25:50 PM
After falling to fresh daily lows near 1.3377 during overnight trade, USD/CAD has now collected some consideration and is moving toward the key obstacle at 1.3403 the figure.
The pair lost some positive momentum in recent sessions, though it manages well to keep the trade in several week tops around the 1.3403 handle for now.
As mentioned above the pair is losing 0.15% at 1.3393 facing the next support at 1.3368 followed by 1.3357 and ultimately 1.3317. On the upside, a breakout of 1.3436 would aim for 1.3465 and ultimately 1.3466.
FOREX market analysis by FxErvin.