Technical Analysis

USDCAD moves sharply lower after the stronger employment stats

The lows from May 3 and May 7 taken out at 1.3405

The USDCAD fell sharply after the better than expected Canadian employment numbers. The prices move below the low for the week at 1.34053. That was also the flow from last Friday.  

The next stops are at 1.3391 and then the low for the month from May 1 at 1.3376.

ForexLive

Articles You May Like

Iran’s top military spokesman: All its drones have returned safely to base – Tasnim
USD/JPY GBP/JPY trade Best Forex Trading System 18 JULY 2019 Review -forex trading systems that work
My Naked Forex Scalping 2019
📈 Live Forex Trading and Technical Analysis – Forex.Today
EUR/USD technical analysis: Euro under pressure near 1.1215 ahead of Fed’s Powell speech

Leave a Reply

Your email address will not be published.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