TECHNICAL ANALYSIS

USDCAD Heads Down October 2018 Swing


Falls below 1.2800

The USDCAD will be below the 1.2800 level and is approaching in the process of the October 1, 2018 low price of 1.27818. A move below this level would bring the price to the lowest level since May 2018.

Falls below 1.2800Exploring the hourly chart, the USDCAD is running lower after the better-than-expected employment report in Canada (and the weaker US report. The price fell from around 1.2860 to a low of 1.2791 ).

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