14 Sep 2015
USD/CAD edges higher as oil falls
FXStreet (Córdoba) - USD/CAD has moved slightly higher on Monday, as oil prices declined somewhat, in a rather quiet session as Federal Reserve verdict on Thursday is keeping investors sidelined.
USD/CAD moved lower during the European session and bottomed out at 1.3223 but managed to recover about half-a-cent over the last hours and climbed to a session high of 1.3271 as WTI dropped toward $44 a barrel.
USD/CAD levels to watch
At time of writing, USD/CAD is trading at the 1.3270 zone, recording a 0.10% daily gain, with immediate resistances seen at 1.3309 (Sep 7, 8 & 11 highs), 1.3325 (Aug 31 high) and 1.3352 (11-year high Aug 25). On the downside, supports could be found at 1.3223 (Sep 14 low), 1.3215 (Sep 11 low) and 1.3175 (Sep 10 low).
USD/CAD moved lower during the European session and bottomed out at 1.3223 but managed to recover about half-a-cent over the last hours and climbed to a session high of 1.3271 as WTI dropped toward $44 a barrel.
USD/CAD levels to watch
At time of writing, USD/CAD is trading at the 1.3270 zone, recording a 0.10% daily gain, with immediate resistances seen at 1.3309 (Sep 7, 8 & 11 highs), 1.3325 (Aug 31 high) and 1.3352 (11-year high Aug 25). On the downside, supports could be found at 1.3223 (Sep 14 low), 1.3215 (Sep 11 low) and 1.3175 (Sep 10 low).