TDMarkets

USD/CAD: Its More About Technical Than Fundamental; Next Key Level To Watch

USD/CAD: Its More About Technical Than Fundamental; Next Key Level To Watch

On March 17, 2017, Posted by , In Uncategorized, By , , With No Comments

The current primary drivers of USD/CAD slide are more technical than fundamental. In that regard, We thinks that the impact of the Fed meeting saw USD/CAD break a couple of key levels and pushing it close to its fair value target.

The next key level to watch is the mid-point of last month’s trading range near 1.3250

Leave a Reply

Your email address will not be published. Required fields are marked *

WP-Backgrounds Lite by InoPlugs Web Design and Juwelier Schönmann 1010 Wien