USD keeps on rising more versus CAD
4/28/2017 10:10:47 AM
During Forex market with an early severe fall of 95-pips to 1.3535 area and succeeding severe recovery of over 137-pips in wake of a fall in oil prices, it was a highly unstable session for the pair on Thursday.
A follow through buying interest above 1.3673 level is probable to boost the pair towards regaining the 1.3705 handle ahead of 1.3737 level. On the downside, retracement below 1.3633 immediate support now appears to appeal some fresh buying interest near the 1.3607 handle. Any additional slip below the said handle would now be considered upon as buying opportunity and therefore, is probable to be narrow near 1.3577 support.
FOREX market analysis by FxErvin.