USDCAD moving Lower...


The price of USDCAD have moved lower after the larger than expected draw in inventories in the current week. The price of Crude is trading up $1.96 or 3.37% at $59.80. The high for the day is up at $59.93.

USDCAD moves to lowest level since Feb 27

Looking at the daily chart, the price for the USDCAD is approaching the 61.8% of the move from the Oct. 2018 low to the December 2018 high at 1.31187. That is near the lows from Feb 25 and Feb 27 at 1.3112-17 respectively. The low just reached 1.3129.  The 2019 low for the USDCAD reached 1.3068 on Feb 1.  More Daily Thoughts @ https://www.wattpad.com/story/164264922-forex-trading-with-erica-villalon







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