Fresh US dollar selling amid risk reset drive the prices lower. But, negative oil prices keeps the Loonie on the back foot ahead of US core PCE and Fedspeak. The bid tone around the US dollar weakened last hour, sending the USD/CAD back below the 1.31 handle. The sellers continue to lurk above the last, keeping a check on the upside. The spot stalled its steady recovery-mode near 1.3115 region again, as the CAD bull stood resilient to losses in oil prices and a major turnaround in the risk sentiment. The European equities picked up fresh bids and are seen staging a comeback, dragging the safe-haven US dollar broadly lower. The US dollar index faded a spike to 96.67 to now trade near the 96.50 region, up 0.20% on the day. Meanwhile, both crude benchmarks are down nearly 1% amid the European political and global growth concerns that could cap the bounce in the resource-linked Loonie. Next of note for the major remains the US core PCE price index, which is seen arriving at 2% y/y in Sept. USD/CAD Technical levels Resistance R1: 1.3115 (daily high) R2: 1.3134 (Oct 19 high) R3: 1.3160 (Oct 26 high) Support S1: 1.3048/42 (100, 20-DMA) S2: 1.3018 (50-DMA) S3: 1.3000 (key support) 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 UK Budget: Large revenue surprise to be carried forward – TDS FX Street 4 years Fresh US dollar selling amid risk reset drive the prices lower. But, negative oil prices keeps the Loonie on the back foot ahead of US core PCE and Fedspeak. The bid tone around the US dollar weakened last hour, sending the USD/CAD back below the 1.31 handle. The sellers continue to lurk above the last, keeping a check on the upside. The spot stalled its steady recovery-mode near 1.3115 region again, as the CAD bull stood resilient to losses in oil prices and a major turnaround in the risk sentiment. The European equities picked up fresh bids and are… 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.
