USD/CAD is near a strong support

The USD/CAD pair has declined significantly, amid reduced risks and rising oil prices, updating the low at 1.3400. Thus, the pair tested significant support levels, which correspond to the lower limit of the upward four-month trend and support for the last weeks. As a result, a reversal is expected in the zone 1.3400-1.3380.

Deals on purchases should be considered above 1.3430-50.

The goals are the highs of the last weeks: 1.3500 and 1.3530.

Read also: “The US Federal Reserve (Fed)
and prospects for further tightening of monetary policy “

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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