Loonie trims losses versus US dollar but declines further against NZD, AUD. Equity prices off lows, volatility remains elevated, oil down 18%. The USD/CAD pulled back further from the highest level in almost three years as crude oil prices trimmed losses and more recently, on a recovery in equity prices. Earlier today, the pair peaked at 1.3756 and since then it retreated more than 200 pips. USD/CAD off highs, WTI off lows As of writing it trades at 1.3530, 110 pips above Friday’s close. Among the G10 currencies, the loonie is the worst performer affected by the crash in crude oil prices. Over the last hours, crude moved off lows but still remains sharply in negative. The WTI barrel trades at $33.80, down 18%. The collapse in oil created chaos across financial markets. Wall Street indexes are falling now “just” 4.5%. After the opening bell, trading was halted 15 minutes because of a 7% plunge in prices. Since then, equity prices have stabilized and now are recovering, helping the correction in USD/CAD. Levels to watch The weekly opening gap is still open. The pair needs to drop to 1.3420 to close it. Before that level support might be seen at 1.3500 and 1.3460 (February high). On the upside, 1.3600 is the immediate resistance followed by 1.3655 and 1.3700 (psychological). 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 S&P500: The time has come for the bears FX Street 3 years Loonie trims losses versus US dollar but declines further against NZD, AUD. Equity prices off lows, volatility remains elevated, oil down 18%. The USD/CAD pulled back further from the highest level in almost three years as crude oil prices trimmed losses and more recently, on a recovery in equity prices. Earlier today, the pair peaked at 1.3756 and since then it retreated more than 200 pips. USD/CAD off highs, WTI off lows As of writing it trades at 1.3530, 110 pips above Friday’s close. Among the G10 currencies, the loonie is the worst performer affected by the crash in crude… 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.