- Dollar strength boosted USD / CAD, but then lost momentum.
- DXY in positive territory, but far from the highs.
The USD / CAD rose to 1.2345, reaching the highest level since April 28, but then reversed direction and trimmed gains. The price undertook a retracement that extended to the 1.2310 area, where it found support.
In the preview of the beginning of the American session, USD / CAD remains near 1.2310, in positive territory for the day, but far from the highs. The combination of a stronger dollar and a fall in stocks is outweighing the advance in oil prices.
The wall street futures They point to an open with declines of around 0.5% on average for the share price. At the same time, the price of oil rises more than 1% for the second day in a row, with the WTI above $ 65.50.
With regard to data, foreign trade figures for the US and Canada were released, which did not show major surprises. In Canada the deficit in merchandise trade was higher than expected, while in the US the deficit in March was a historic record. The figures had no impact on the market. Figures for US factory orders will be released later on Tuesday.
Technical levels
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