- The Loonie outperforms during the American session.
- WTI rebounds and approaches daily highs.
- Wall Street trims losses, US yields print fresh highs.
The USD/CAD is hovering around 1.3510 after hitting at 1.3484, the lowest level in three weeks, amid an improvement in market sentiment. The Loonie is outperforming.
Technicals, oil and equities supporting CAD
The USD/CAD broke a relevant support area located at 1.3520 and accelerated the downside. If the pair manages to remain below, more losses under 1.3500 seems likely.
The Loonie is outperforming on Tuesday, supported not only by technical developments but also by higher crude oil prices. The WTI barrel is up by 1.41%, approaching the $81.00 area again.
In Wall Street, the stock market is off lows with the S&P 500 up by 0.31% as of writing, and the Nasdaq down by 0.80%, off lows. Volume remains low favoring uncoordinated moves.
|Today last price||1.3492|
|Today Daily Change||-0.0112|
|Today Daily Change %||-0.82|
|Today daily open||1.3604|
|Previous Daily High||1.3604|
|Previous Daily Low||1.3604|
|Previous Weekly High||1.3704|
|Previous Weekly Low||1.3563|
|Previous Monthly High||1.3808|
|Previous Monthly Low||1.3226|
|Daily Fibonacci 38.2%||1.3604|
|Daily Fibonacci 61.8%||1.3604|
|Daily Pivot Point S1||1.3604|
|Daily Pivot Point S2||1.3604|
|Daily Pivot Point S3||1.3604|
|Daily Pivot Point R1||1.3604|
|Daily Pivot Point R2||1.3604|
|Daily Pivot Point R3||1.3604|
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