USD/CAD losses bullish momentum after hitting highest since March. Pair holds positive tone amid stronger US Dollar and lower crude oil prices. The USD/CAD climbed to 1.3021, reaching the highest level since March 21 and then pulled back modestly. As of writing was hovering slightly below 1.3000, on its way to the fifth daily gain in a row. The pair moved most of the day in a range, consolidating last week gains and after the beginning of the US session broke to the upside. During the last hours pulled back modestly. The positive tone around the greenback remains intact, today supported by risk aversion. Also, crude oil prices weigh on the Loonie. The WTI was trading at $66.50, 8.5% below the level it had a week ago. Today is a holiday in the US. Ahead, the next key event for the pair will be on Wednesday with the Bank of Canada meeting and US GDP data. On Friday, the NFP report is due. USD/CAD Technical levels In the short-term, support levels might be seen at 1.2995, 1.2955 (May 28 low) and 1.2920. On the upside, resistance could be located at 1.3020 (May 28 high), 1.3050/55 and 1.3085.” 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 USD/CHF retreats from highs as DXY quiets down amid thin volume FX Street 5 years USD/CAD losses bullish momentum after hitting highest since March. Pair holds positive tone amid stronger US Dollar and lower crude oil prices. The USD/CAD climbed to 1.3021, reaching the highest level since March 21 and then pulled back modestly. As of writing was hovering slightly below 1.3000, on its way to the fifth daily gain in a row. The pair moved most of the day in a range, consolidating last week gains and after the beginning of the US session broke to the upside. During the last hours pulled back modestly. The positive tone around the greenback remains intact, today… 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.
