USD/CAD Consolidates Daily Gains
USD/CAD consolidates
near daily highs after rising more than 150 pips throughout the day as
renewed weakness in oil prices weighed down the loonie.
USD/CAD
reached a peak of 1.3180 during the American session as WTI futures
struck a low of $36.70 a barrel. USD/CAD has spent the last hours in
quiet consolidation near highs and it was last at 1.3160, recording a
0.54% daily gain.
USD/CAD levels to consider
As
for technical levels, next resistances line up at 1.3200 (psychological
level), 1.3215/18 (Mar 29 & Apr 5 highs) and 1.3295 (Mar 24 high).
On the other hand, supports are seen at 1.3067 (Apr 5 low), 1.3002/00
(Apr 4 low/psychological level). 1.2967 (Apr 1 low) and 1.2856 (Mar 31
low).
(Market News Provided by FXstreet)