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.


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