Opinion on the USD/CAD pair

The Canadian dollar weakened against the US dollar during Monday’s trading because of a decline in oil prices. Based on the reduction of the Canadian, the pair USD/CAD worked out the aggressive part of my yesterday’s recommendation. Read more…

Technical analysis: At the moment, the price of the instrument is fixed below the support level for the uplink on H1. If the negative dynamics of oil prices and the US stock market persist, it is quite possible to form a flat movement on the instrument in the short term with resistance in the region of 1.2485-1.2500 and support in the region of 1.2450-1.2430.

Fig. Current price USD/CAD – 1.2480

Alexander Sivtsov