- 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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