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Forex: USD/CAD trading negatively at 1.0217/19 amidst jump in crude
FXstreet.com (Barcelona) - The USD/CAD has traded unevenly off of its intraday minimum, which reached the 1.0200 barrier Monday. However, during American trading the pair has managed to recover the mark of 1.0217/19, whilst remaining in negative territory. In these moments the cross is operating -0.10% below its opening.
Mataf.net analysts point to supports at 1.0198, ahead of 1.0157, and 1.0134. On the ascension, a break above 1.0262 will initiate resistances at 1.0285 and 1.0326.
Concerning the CAD, crude oil prices have jumped in afternoon trading Monday. Having traded below the 92.00 mark (91.81 daily low), the price has rallied back above the 93.00 level en route to USD 93.46/bbl in these moments.
