“¢ The USD remains support by Clarida’s overnight hawkish comments. “¢ Bullish traders seemed unaffected by a goodish rebound in oil prices. “¢ The prelim US GDP print/Powell’s speech eyed for some fresh impetus. After yesterday’s late retracement, the USD/CAD pair caught some fresh bids on Wednesday and is currently placed at five-month tops, around the 1.3325-30 region. The pair built on its goodish rebound from the 1.3185 support area and continued gaining positive traction for the fourth consecutive session amid the prevailing bullish sentiment surrounding the US Dollar. The greenback held steady near two-week tops, supported by overnight hawkish comments by the Fed Vice Chair Richard Clarida, and was seen as one of the key factors driving the pair higher. Meanwhile, bullish traders seemed rather unaffected by a goodish rebound in crude oil prices, which failed to revive demand for the commodity-linked Loonie and did little to stall the pair’s ongoing positive momentum. In fact, WTI crude oil climbed more than 1.0% on the back of a North Sea production outage and expectations that OPEC will decide to implement some form of supply cut to counter an emerging glut. With the USD price dynamics acting as an exclusive driver of the pair’s momentum, today’s release of the prelim US Q3 GDP print and the Fed Chair Jerome Powell’s speech will now be looked upon for some fresh impetus. Technical levels to watch A follow-through buying has the potential to continue lifting the pair further towards 2018 swing high resistance, near the 1.3380-85 region, touched in June. On the flip side, the 1.3300 handle now becomes immediate support to defend, which if broken might accelerate the corrective slide towards the 1.3265-60 horizontal zone. 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 Fed: More gradual approach to rate rises – Danske Bank FX Street 4 years "¢ The USD remains support by Clarida's overnight hawkish comments. "¢ Bullish traders seemed unaffected by a goodish rebound in oil prices. "¢ The prelim US GDP print/Powell's speech eyed for some fresh impetus. After yesterday's late retracement, the USD/CAD pair caught some fresh bids on Wednesday and is currently placed at five-month tops, around the 1.3325-30 region. The pair built on its goodish rebound from the 1.3185 support area and continued gaining positive traction for the fourth consecutive session amid the prevailing bullish sentiment surrounding the US Dollar. The greenback held steady near… 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.