USD / CAD rises to its highest level in two months near 1.2500

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  • USD / CAD gains almost two hundred pips from lows of the European session.
  • Loonie among the worst performers of the G10, hit by the reversal in crude prices.

The USD / CAD it rose further and reached 1.2494 the highest intraday level since April 23. The combination of a stronger US dollar and falling oil prices boosted the pair.

Strong bounce from the 20-day SMA

In European time, the USD / CAD bottomed at 1.2301, the lowest level in a week and also the 20-day simple moving average. It rallied as the US dollar began to gain momentum and then received a boost from falling crude prices.

WTI’s barrel hit the strongest level since 2014 early Tuesday near $ 77.00 and then rose sharply. It is testing the $ 73.00 zone, down more than 4%. This fall weighed on the Loonie.

At the same time, demand for the US dollar soared amid appetite for risk, and even as US yields fell to monthly lows. The DXY is up 0.43%, up from 93.60. The US data was disappointing expectations and was largely ignored by the markets. The FOMC Minutes will be published on Wednesday.

Technical levels

USD / CAD

Overview
Today last price 1.2465
Today’s Daily Change 0.0122
Today daily change% 0.99
Today they open every day 1.2343
Trends
Daily SMA20 1.2286
SMA50 daily 1.2199
SMA100 daily 1.2385
SMA200 daily 1.2661
Levels
Previous Daily High 1.2372
Previous Daily Low 1.2318
Previous weekly high 1.245
Previous Weekly Low 1.2288
Previous monthly maximum 1.2487
Previous Monthly Low 1.2007
Daily Fibonacci 38.2% 1.2351
Daily Fibonacci 61.8% 1.2339
Daily Pivot Point S1 1.2317
S2 daily pivot point 1.2291
S3 Daily Pivot Point 1.2264
R1 daily pivot point 1.237
Daily pivot point R2 1.2398
R3 daily pivot point 1.2424

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