USD CAD trying to improve in the FOREX market
12/29/2016 11:21:39 AM
According to market trading USD/CAD pair held up its decline and currently tries a weak recovery near 5-DMA persistence placed at 1.3537.
Now, the USD/CAD pair improving somewhat from session lows hit at 1.3525. The main decreases losses, though stays deep in the red as the USD expands its bearish momentum against a basket of main currencies, with the USD index now twisting around session troughs of 102.84.
To the upside, the next persistence are seen near 1.3580 and 1.3605 and from there to 1.3635. To the downside, immediate support might be placed at 1.3490 and below that at 1.3470 and at 1.3410.
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FOREX Fundamental Analysis
Written by FxErvin
