USD/CAD: Is a Low in Place? US, Canada GDP on Deck

USD/CAD reversed sharply today off confluence support at 1.2415 (low was 1.2413) – this level is defined by a long-term 61.8% ext of the broader decline off the 2016 high and converges on a parallel support extending off the 9/21 swing low (red). Note that daily momentum is also attempting to break...

USD/CAD: Is a Low in Place? US, Canada GDP on Deck