USD CAD advancing multi week high
9/15/2016 1:21:50 PM
The USD expands its bullish momentum against its CAD in early Europe, driving USD/CAD more beyond 1.3200 handle.
Currently, the USD/CAD pair improves 0.15% to fresh seven-week tops of 1.3217, ultimately expanding a break above 1.3200. USD/CAD extends its upward trajectory for almost seven days and confirms multi-week highs, mainly in response to the recent declines in oil prices.
To the upside, the next persistence are seen near 1.3255 and 1.3300. To the downside, immediate support might be located at 1.3165 and below that at 1.3135.