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08/15/18
08/15
03:30
08/15/18
03:30

FX Action: USD-CAD found support at yesterday's three-session low

FX Action: USD-CAD found support at yesterday's three-session low at 1.3050 amid a broad bid for U.S. Dollars. President Trump's threatened tariffs on Canadian made cars, in a tweet late Friday as reported by the WSJ, if a deal is not struck with Canada on NAFTA. Any sure signs of progress on the NAFTA front would likely spark a rebound in the Canadian Dollar, as the uncertainty about the re-negotiation has seen a discount being build into the currency. USD-CAD has support at 1.3050 and resistance at 1.3108-10.a

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