Technical Analysis

USD/CAD rises above 100-day MA in fourth day of positive aspects

USD/CAD rally continues

The Canadian greenback is now in a four-day droop.

Falling oil pries and worries about commodity producers are weighing on the loonie. Early at present New Zealand’s jobs report upset and a day earlier the RBA moved to a impartial stance.

USD/CAD is up 56 pips on the day to 1.3270 and rose above the 100-day and 21-day shifting averages within the course of.

For the time being, the Jan 30 excessive of 1.3281 is capping the rally and appearing as resistance.

USD/CAD rally continues

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