Forex technical analysis: USDCAD trades the technical range - ConsultFX

Forex technical analysis: USDCAD trades the technical range

200 hour MA below at 1.2490.  100 day MA above at 1.2590.  A hundred pip trading range. Yesterday, the USDCAD surged higher on the back of comments from a Canada official that the US would back out of NAFTA.  The surge took the price above the 200 hour MA (green line in the chart below) and Copyright 2015 Forexlive.com