USD/CAD touches the 38.2% Fibonacci degree
The January jobs report left an enormous dent within the February USD/CAD commerce. The pair gave again 38.2% of the rally in a single fast transfer after yet-another extraordinarily robust jobs report.
The pair fell to 1.3233 from 1.3329 on the excessive in Asian buying and selling however has since bounced to 1.3256.
That exhibits that the bulls are in management however a lot goes to be rely upon oil. It is up 25-cents to $52.90 and buying and selling at a session excessive.
If USD/CAD swings decrease once more, the 100-dma is at 1.3223 adopted by the 50% retracement at 1.3199.