US dollar recovers ground against majors during the American session. USD/CAD rebounds despite higher crude oil prices. The USD/CAD pair dropped earlier today to test the 1.3300 area but failed to break lower and the Loonie lost momentum. It bounced to the upside and recently, amid a recovery of the greenback across the board, climbed to 1.3358, hitting a fresh daily high. As of writing was trading at 1.3345, around the same levels it closed on Friday. The pair continues to move sideways, holding above 1.3300 and being unable to consolidate on top of 1.3350. Risk aversion boosted modestly the demand for the US dollar and the yen over the last hours. The USD/CAD moved to the upside despite higher crude oil price. The WTI was up 0.80%, hovering around $59.00, after reaching earlier today the highest level in four months. Levels to watch If the pair manages to hold on top of 1.3350 the greenback will likely gain strength. The next resistance levels might be located at 1.3370 and above 1.3390 (Mar 8 low). On the flip side, the immediate support is the 20-hour moving average at 1.3325, followed by the 1.3300 zone (Mar 18 low) and 1.3285 (last week low). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/GBP jumps to 5-day highs near 0.86 on latest Brexit headlines FX Street 4 years US dollar recovers ground against majors during the American session. USD/CAD rebounds despite higher crude oil prices. The USD/CAD pair dropped earlier today to test the 1.3300 area but failed to break lower and the Loonie lost momentum. It bounced to the upside and recently, amid a recovery of the greenback across the board, climbed to 1.3358, hitting a fresh daily high. As of writing was trading at 1.3345, around the same levels it closed on Friday. The pair continues to move sideways, holding above 1.3300 and being unable to consolidate on top of 1.3350. Risk… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
