USDCAD tests recent lows again as oil rallies

Author: Mike Paterson | Category: News

USDCAD falling as oil prices rise 19 May

Following on from my previous post on OPEC/non OPEC output cut talks just another heads up that USDCAD is near lows that have been well supported lately.

Watch for acceleration if we break but likewise don't be too surprised if we hold either. Take your pick.

It's an output cut/USD/risk/politics combo right now.  

Currently 1.3579. Delicately poised.