Shares 100 Views

USD/CAD breaks above 1.3100

USD/CAD accelerated to the upside and climbed above 1.3100, to the highest in five days on the back of a stronger US dollar a decline in crude oil prices. 

WTI tumbles to 3-day lows near $53.00

The pair remained steady during the Asian session, near 1.3000 and then started to rise. The upside accelerated during the last hours and it broke above 1.3100. It peaked at 1.3135 and then pulled back. It is trading at 1.3105, 75 pips above Friday’s closing price. 

Levels to watch 

Today’s rally so far was capped by the 1.3130/35 area, that is where the 20-day moving average stands. A break higher could add further strength to the US dollar from a technical perspective. Above, the next target might lie at 1.3190 and 1.3250. 

To the downside, the immediate support is now seen at 1.3100, followed by 1.3075 (Feb 3 high) and 1.3005 (daily low). 


 

You may be interested

Exchanges
shares21 views

South Korea’s Cryptocurrency Regulator Found Dead at Home

Brian Evans - Feb 20, 2018

The post South Korea’s Cryptocurrency Regulator Found Dead at Home appeared first on CCN Fifty-two-year-old Jung Ki-joon led the regulatory effort to implement tighter controls on cryptocurrency trading. He…

press release
shares24 views

FarmaTrust – Blockchain and AI solution purifies pharmacology supply chain

Brian Evans - Feb 20, 2018

Disclaimer: This is a paid sponsored article, and it does not reflect the values or beliefs of the news network and the author. We keep due diligence…

Crime
shares22 views

Finland Mandates Cold Storage, Public Auctions for Seized Bitcoins

Brian Evans - Feb 20, 2018

The Finnish government has released guidelines prescribing how authorities must handle the 2,000 bitcoin confiscated since 2016.

Most from this category

shares15 views

A Beginner’s Guide to MobileGo

Brian Evans - Feb 20, 2018
shares23 views
shares24 views

What Is Streamr DATAcoin?

Brian Evans - Feb 20, 2018
%d bloggers like this: