USDCAD Weekly Technical Outlook Pullback
#USDCAD pullback to 1.3370 as WTI breaks $65.00
Rally in Canada’s main export item triggered the pair’s pullback. Data from the US and oil market developments will entertain Loonie traders.
A 100-day simple moving average (SMA) at 1.3330 seems nearby important support ahead of dragging the quote 1.3300 and March 19 lows near 1.3250.
Alternatively, the successful break of 1.3400 can question the strength of a downward sloping trend-line stretched since early-March, at 1.3435 now, a break of which may push buyers to 1.3500.
Another way USDCAD Resistance is 1.3480 level and 1.3600 level USDCAD touch 1.3600 Area Sell position is best because Oil Price has been Up for a long time, so can OIL correction from 65$ Area. and short sell level 1.3480 level .
NEWS:
======
The Prime Minister said that the US President Trump’s talks with militia leader Khalifa Haftar last could escalate the civil unrest that could boost oil prices.
He urged political dialogue without the rogue general, WSJ reported. Trump spoke last week with Haftar, who launched an offensive earlier this month to seize the Libyan capital of Tripoli.
Rally in Canada’s main export item triggered the pair’s pullback. Data from the US and oil market developments will entertain Loonie traders.
A 100-day simple moving average (SMA) at 1.3330 seems nearby important support ahead of dragging the quote 1.3300 and March 19 lows near 1.3250.
Alternatively, the successful break of 1.3400 can question the strength of a downward sloping trend-line stretched since early-March, at 1.3435 now, a break of which may push buyers to 1.3500.
Another way USDCAD Resistance is 1.3480 level and 1.3600 level USDCAD touch 1.3600 Area Sell position is best because Oil Price has been Up for a long time, so can OIL correction from 65$ Area. and short sell level 1.3480 level .
NEWS:
======
The Prime Minister said that the US President Trump’s talks with militia leader Khalifa Haftar last could escalate the civil unrest that could boost oil prices.
He urged political dialogue without the rogue general, WSJ reported. Trump spoke last week with Haftar, who launched an offensive earlier this month to seize the Libyan capital of Tripoli.
Trade geschlossen: Ziel wurde erreicht:
USDCAD buy entry take profit 1.3520 Area
