Commodities Forex

Squawk: USDCAD stays bullish; USDJPY still in an intermediate-term range The…

Squawk / 03 December 2018 at 9:04 GMT

USDCAD stays bullish; USDJPY still in an intermediate-term range

The USDCAD forex rate has continued to push erratically higher, still building on the prior advance through 1.3228, a key resistance at, reinforcing the intermediate-term upside threat.
Again, the USDCAD advance has been assisted by a plunging Oil price (with Canada a net exporter of Oil).
The USDJPY currency rate has remained within an intermediate-term range, but we see emerging risks for a more bullish shift, but only signalled by a break above 1.1455.

See the full article and video analysis here: https://www.forextraders.com/forex-charts/technical-analysis/usdcad-stays-bullish-usdjpy-still-in-an-intermediate-term-range/

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