USD/CAD touches 1.3100 for first time since February
USD/CAD tries for the figure
USD/CAD touched 1.3100 for the first time since February as oil prices rebound to unchanged on the day.
WTI had fallen as low as $58.61 but it's back to $59.36 and continuing to hang around $60 after yesterday's failed challenge.
The main level to watch is the low of the year at 1.3069. That's going to be tough to break ahead of the G20 but fund managers are selling some US dollars today and tomorrow so there could be continued fixing sales. Watch for a bounce after tomorrow's fix.Reprinted from Forexlive,the copyright all reserved by the original author.
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