USD paved the way to down versus CAD
4/11/2017 8:31:46 AM
During Forex market, dollar keeps on losing momentum against its Canadian dollar on Tuesday, now pulling USD/CAD to the area of daily lows near 1.3317.
Spot is declining for more than 3 successive sessions up to now, shedding over a cent since last week’s tops in the mid-1.3405s.
As mentioned above the pair is declined 0.051% at 1.3317 facing the immediate support at 1.3285 followed by 1.3273 and ultimately 1.3260. On the upside, a break above 1.3448 would try to get 1.3455 and then 1.3498.
FOREX market analysis by FxErvin.