Forex news for US trading October 19, 2015
The Canada election and lower oil prices helped to make the USDCAD the big mover for the new trading day. The results from the election will begin to come in later this evening. WTI crude future are trading down 2.48% as the NY trading session comes to it’s conclusion. For the USDCAD currency pair, the price trended higher – breaking the 100 day MA (at 1.2919), the 100 hour MA at 1.2934, the 200 hour MA at 1.2967 and the natural level of 1.3000 level. In the new trading day, keep an eye at the 1.3062-78 area. This area corresponds with the 38.2% and other swing lows and highs going back to October 2nd. A move above opens all sorts of upside doors for the pair.
ForexLive Americas FX news wrap October 19, 2015: USDCAD the big mover for the day
