CAD appreciates despite the sour tone of US equities. Oil prices reached fresh 2019 highs after President Trump said the US wouldn’t renew Iranian oil waivers. The Loonie is the most active in dull holiday trading, with the USD/CAD pair trading at around 1.3340. The Canadian dollar strengthened on the back of resurgent oil prices, which got boosted by news that US President Trump has decided not to renew Iranian oil waivers, aiming to bring Iran’s oil exports to zero and denying the regime its principal source of revenue. According to Washington sources, countries importing oil from Iran will be subject to sanctions starting May 2. The barrel of West Texas Intermediate crude hit $65.70, a level last seen by the ends of October 2018. The USD/CAD has been unable to find a clear direction this month, confined to a range limited by 1.3273 on the downside and 1.3402 to the upside, now trading midway such a range at around 1.3340. In the daily chart, the 100 DMA provides Immediate support at 1.3330, while the 200 DMA maintains its upward slope at around 1.3090. However, and in the same chart, technical indicators have been seesawing around their midlines without a certain strength, reflecting the ongoing range. 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 hits fresh daily highs above 1.1260, gains 2 pips per hour FX Street 4 years CAD appreciates despite the sour tone of US equities. Oil prices reached fresh 2019 highs after President Trump said the US wouldn't renew Iranian oil waivers. The Loonie is the most active in dull holiday trading, with the USD/CAD pair trading at around 1.3340. The Canadian dollar strengthened on the back of resurgent oil prices, which got boosted by news that US President Trump has decided not to renew Iranian oil waivers, aiming to bring Iran's oil exports to zero and denying the regime its principal source of revenue. According to Washington sources, countries importing oil from Iran will be… 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.
