ANALYSIS: USDCAD REMAINS RANGE BOUND
Earlier today we expected to see CAD retail sales come in better. This happened
and USDCAD broke out of the trading range for the first time in 22 days however that
was short lived as the crude oil inventories disappointed. We were looking for the break
if the oil inventories were good as this would add weight to the Cad long. However,
the price is now back within the range and we could see prices back at the range highs.
and USDCAD broke out of the trading range for the first time in 22 days however that
was short lived as the crude oil inventories disappointed. We were looking for the break
if the oil inventories were good as this would add weight to the Cad long. However,
the price is now back within the range and we could see prices back at the range highs.
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