USD CAD raising near session high
1/6/2017 9:52:09 AM
It looks the dollar has improved in forex market against its neighbor peer on Friday, now raising USD/CAD near to session highs in the 1.3265 band.
The pair is back to the positive territory after 3 successive failures, containing fresh 3-week lows following a renewed and strong offered bias around the dollar, mainly strengthened after the release of the FOMC minutes on Wednesday.
According to writing the pair is gaining 0.29% at 1.3265 and a breakout of 1.3310 would easing the way to 1.3385 and ultimately 1.3465. On the other hand, the immediate support line up at 1.3188 ahead of 1.3117 and then 1.3080.
Forex Fundamental Analysis.
Written by FxErvin