The USDCAD has been trading mostly between 1.4334 and 1.4466. Yes there were two breaks lower last week which failed, but most of the price action has been within that area.
In trading today another break to the downside occurred after the CPI data. That sent the price down to allow near 1.4302. That level was a swing level going back to mid-December.
The setback rally has now taken the price back toward the low of the break point from earlier today and that threatens to derail the bearish tilt.
Find out above it in the above video.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdcad makes a break lower today but snapback rebound threatens the bearish tilt was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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