- DXY with fresh gains above 90.50, USD / CAD, is up for the third day in a row.
- Volatility in the currency markets increases as Wall Street remains on the sidelines.
He USD / CAD it rose to 1.2933, reaching a new daily high. The move came amid a stronger US dollar across the board. The dollar is recovering after a sharp decline during the US session on Monday.
The dollar gained momentum even as Wall Street stock prices are sideways in a quiet session. The volatility in the exchange markets increased during the last hours with the appreciation of the dollar. DXY reached new daily highs at 90.63, it remains, like USD / CAD, below Monday’s highs.
Technical perspective
At the time of writing, the USD / CAD it is trading at 1.2915, 60 pips above yesterday’s close. It is approaching the weekly high at 1.2957. The chart continues to point higher from a technical perspective. A key support is seen at 1.2815 / 20, the convergence of the 20 and 100 moving averages on the 4-hour chart.
Technical levels
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