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USDCAD moves higher helped by lower oil

USDCAD moves higher helped by lower oil

The UAE news that they might look to leave OPEC, has helped to push the price of oil initially lower and that seems to be helping the USDCAD to the upside (lower oil can help the CAD at times).

Technically, the pair is being helped by a rebound back above the 200 hour MA at 1.3575 and the 100 hour MA at 1.3598.

Looking at the complete price actio... Read More

Posted: Mar 3 2023, 14:34
Author Name: forexlive
Views: 103162

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