USDCAD Chart — USD to CAD Rate
USD/CAD corrects from multi-year tops, slips below mid-1.3800s amid rallying oil prices
The USD/CAD pair dropped to fresh session lows, around the 1.3825 region in the last hour and eroded a major part of the overnight gains to over four-year tops.
The pair witnessed an intraday turnaround and retreated around 120 pips from the Asian session swing highs to mid-1.3900s amid a goodish rebound in oil prices, which underpinned demand for the commodity-linked currency
LEVELS
Previous Daily High 1.3961
Previous Daily Low 1.3708
Previous Weekly High 1.344
Previous Weekly Low 1.3315
Previous Monthly High 1.3465
Previous Monthly Low 1.3202
Daily Fibonacci 38.2% 1.3864
Daily Fibonacci 61.8% 1.3805
Daily Pivot Point S1 1.3767
Daily Pivot Point S2 1.361
Daily Pivot Point S3 1.3513
Daily Pivot Point R1 1.4021
Daily Pivot Point R2 1.4118
Daily Pivot Point R3 1.4274
The USD/CAD pair dropped to fresh session lows, around the 1.3825 region in the last hour and eroded a major part of the overnight gains to over four-year tops.
The pair witnessed an intraday turnaround and retreated around 120 pips from the Asian session swing highs to mid-1.3900s amid a goodish rebound in oil prices, which underpinned demand for the commodity-linked currency
LEVELS
Previous Daily High 1.3961
Previous Daily Low 1.3708
Previous Weekly High 1.344
Previous Weekly Low 1.3315
Previous Monthly High 1.3465
Previous Monthly Low 1.3202
Daily Fibonacci 38.2% 1.3864
Daily Fibonacci 61.8% 1.3805
Daily Pivot Point S1 1.3767
Daily Pivot Point S2 1.361
Daily Pivot Point S3 1.3513
Daily Pivot Point R1 1.4021
Daily Pivot Point R2 1.4118
Daily Pivot Point R3 1.4274
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