USDCAD recoil the support in Forex market
10/4/2017 1:32:40 PM
The USDCAD pair expanded preceding session's retracement slip from over one-month tops and fell an intraday low level of 1.2460.
A follow through up-move beyond 1.2475 level now appears to help the pair to exceed the 1.2503 handle and aim towards retesting yesterday's fluctuate high persistence near the 1.2530-35 area.
On the weakness, the 1.2445-57 area stays immediate support to defend, which if broken is probable to speed up the drop towards 1.2426 intermediate support ahead of the 1.2405 handle.
FOREX market analysis by FxErvin.