USD/CAD rebounds modestly after FOMC minutes. Loonie limited by crude oil slide; WTI dropped further falling under $73.00. The USD/CAD pair remains sideways, moving in range after the release of the FOMC minutes. The Fed’s document contained no major surprises and had a limited impact on the US dollar and bonds. USD/CAD rose from 1.3125 to 1.3152 after thee minutes and also following another leg lower in crude oil. The WTI fell to $72.65 a barrel, the lowest in a week after a surprise increase in EIA inventories and a WSJ report signaling that preparations for public listing of Aramco have stalled. Technical outlook USD/CAD is moving sideways around 1.3140. The bias is tilted slightly to the downside with price holding below the 20-day moving average that stands at 1.3175. Ahead of the Asian session, USD/CAD continues to move between 1.3160 and 1.3110. A consolidation above 1.3160 would likely add more positive momentum to the greenback for a test of 1.3180 and above 1.3200. On the flip side,a break under 1.3110 could send the pair under 1.3100 to the next strong support area seen at 1.3045/50. 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/USD supported by easing trade anxieties – ANZ FX Street 3 years USD/CAD rebounds modestly after FOMC minutes. Loonie limited by crude oil slide; WTI dropped further falling under $73.00. The USD/CAD pair remains sideways, moving in range after the release of the FOMC minutes. The Fed's document contained no major surprises and had a limited impact on the US dollar and bonds. USD/CAD rose from 1.3125 to 1.3152 after thee minutes and also following another leg lower in crude oil. The WTI fell to $72.65 a barrel, the lowest in a week after a surprise increase in EIA inventories and a WSJ report signaling that preparations for public… Top 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.
