Canada PM Carney: Canada is still being hit by unjustified US tariffs on steel/autos

Canada PM Carney, has stuck his toe in the Trump water, by saying that Canada is still being hit by unjustified US tariffs on steel and autos. You never know what the reaction may be.

The USDCAD is lower on the day, but has seen a modest rebound off the lows. Looking at the hourly chart, the price low reached 1.3784 which was support at 1.3781 and then the 100-hour MA at 1.3775. The price remains below the 200-hour MA at 1.38351.In between sits the 38.2% of the May trading range at 1.38107.

This article was written by Greg Michalowski at www.forexlive.com.