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USD/CAD Testing 100-EMA Ahead of Candian Retails Sales

22 June 2017 06:05 PM BDT
USD/CAD Testing 100-EMA Ahead of Candian Retails Sales

FxGrow Daily Technical Analysis – 22nd June, 2017 By FxGrow Research & Analysis Team USD/CAD Testing 100 EMA Ahead of Candian Retails Sales USD/CAD has been testing 100 EMA at 1.3340 for the second consecutive session. Yesterday, the pair rallied +84 pips with 1.3347 high and today, market is showing low price action with only 21 pips as price action. Currently USD/CAD is trading 1.3317 as U.S Index continues to show weakness. On the other hand, crude oil levels dropping to 10 months lows kept the loonie under pressure with failure to extend gains. Add to that, NAFTA terms re negotiations still weigh on Canadian economy with no recent updates or ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

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