USD/CAD consolidates in a range, just above mid-1.3400s
5/14/2019 8:18:20 AM
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• Bulls fail to capitalize on the overnight goodish up-move amid a subdued USD demand. • Oil struggles below the $61.00/barrel mark and undermines Lo

   •  Bulls fail to capitalize on the overnight goodish up-move amid a subdued USD demand.
   •  Oil struggles below the $61.00/barrel mark and undermines Loonie, lending some support.

   •  Bulls fail to capitalize on the overnight goodish up-move amid a subdued USD demand.
   •  Oil struggles below the $61.00/barrel mark and undermines Loonie, lending some support.

Oil

The USD/CAD pair struggled to capitalize on the overnight goodish up-move and was seen oscillating in a narrow trading band, just above mid-1.3400s.

USD/CAD

After Friday's sharp intraday pullback, triggered by the upbeat Canadian jobs report, the pair managed to regain positive traction at the start of a new trading week and was being supported by the selloff in Oil prices, which tends to undermine demand for the commodity-linked currency. 

Oil

With investors looking past reports of two Saudi oil tankers getting attacked off the United Arab Emirates coast on Sunday, escalating trade tensions, especially after China announced retaliatory tariffs on US goods, dampened demand for risk-sensitive commodities

commodities

Adding to this, the US Energy Department's press secretary, Shaylyn Hynes, downplayed the potential impact of the conflict in the Middle East on the oil market and said that the oil market is well-supplied, which exerted some additional pressure on Oil prices.

Oil prices

Meanwhile, the US Dollar reversed an early dip to multi-week lows and benefitted from the global flight to safety, which provided an additional boost and collaborated to the pair's goodish intraday rally of around 70-pips - back closer to the key 1.3500 psychological mark.

US Dollar

The overnight uptick, however, lacked any strong follow-through, with a subdued USD/Oil price action failing to provide any meaningful impetus and leading to the pair's range-bound price action through the early European trading session on Tuesday. 

Technical levels to watch

Technical levels to watch

USD/CAD

Overview
Today last price 1.3469
Today Daily Change -0.0007
Today Daily Change % -0.05
Today daily open 1.3476
 
Trends
Daily SMA20 1.3431
Daily SMA50 1.339
Daily SMA100 1.3349
Daily SMA200 1.3238
Levels
Previous Daily High 1.3486
Previous Daily Low 1.3417
Previous Weekly High 1.3506
Previous Weekly Low 1.338
Previous Monthly High 1.3522
Previous Monthly Low 1.3274
Daily Fibonacci 38.2% 1.3459
Daily Fibonacci 61.8% 1.3443
Daily Pivot Point S1 1.3434
Daily Pivot Point S2 1.3391
Daily Pivot Point S3 1.3365
Daily Pivot Point R1 1.3502
Daily Pivot Point R2 1.3528
Daily Pivot Point R3 1.3571

 

USD/CAD

Overview
Today last price 1.3469
Today Daily Change -0.0007
Today Daily Change % -0.05
Today daily open 1.3476
 
Trends
Daily SMA20 1.3431
Daily SMA50 1.339
Daily SMA100 1.3349
Daily SMA200 1.3238
Levels
Previous Daily High 1.3486
Previous Daily Low 1.3417
Previous Weekly High 1.3506
Previous Weekly Low 1.338
Previous Monthly High 1.3522
Previous Monthly Low 1.3274
Daily Fibonacci 38.2% 1.3459
Daily Fibonacci 61.8% 1.3443
Daily Pivot Point S1 1.3434
Daily Pivot Point S2 1.3391
Daily Pivot Point S3 1.3365
Daily Pivot Point R1 1.3502
Daily Pivot Point R2 1.3528
Daily Pivot Point R3 1.3571

USD/CAD

Overview
Today last price 1.3469
Today Daily Change -0.0007
Today Daily Change % -0.05
Today daily open 1.3476
 
Trends
Daily SMA20 1.3431
Daily SMA50 1.339
Daily SMA100 1.3349
Daily SMA200 1.3238
Levels
Previous Daily High 1.3486
Previous Daily Low 1.3417
Previous Weekly High 1.3506
Previous Weekly Low 1.338
Previous Monthly High 1.3522
Previous Monthly Low 1.3274
Daily Fibonacci 38.2% 1.3459
Daily Fibonacci 61.8% 1.3443
Daily Pivot Point S1 1.3434
Daily Pivot Point S2 1.3391
Daily Pivot Point S3 1.3365
Daily Pivot Point R1 1.3502
Daily Pivot Point R2 1.3528
Daily Pivot Point R3 1.3571

USD/CAD

Overview
Today last price 1.3469
Today Daily Change -0.0007
Today Daily Change % -0.05
Today daily open 1.3476
 
Trends
Daily SMA20 1.3431
Daily SMA50 1.339
Daily SMA100 1.3349
Daily SMA200 1.3238
Overview
Today last price 1.3469
Today Daily Change -0.0007
Today Daily Change % -0.05
Today daily open 1.3476
Overview Overview Overview Today last price 1.3469 Today Daily Change -0.0007 Today Daily Change % -0.05 Today daily open 1.3476 Today last price 1.3469 Today last price1.34691.3469 Today Daily Change -0.0007 Today Daily Change-0.0007-0.0007 Today Daily Change % -0.05 Today Daily Change %-0.05-0.05 Today daily open 1.3476 Today daily open1.34761.3476
 
Trends
Daily SMA20 1.3431
Daily SMA50 1.339
Daily SMA100 1.3349
Daily SMA200 1.3238
Trends Trends Trends Daily SMA20 1.3431 Daily SMA50 1.339 Daily SMA100 1.3349 Daily SMA200 1.3238 Daily SMA20 1.3431 Daily SMA201.34311.3431 Daily SMA50 1.339 Daily SMA501.3391.339 Daily SMA100 1.3349 Daily SMA1001.33491.3349 Daily SMA200 1.3238 Daily SMA2001.32381.3238
Levels
Previous Daily High 1.3486
Previous Daily Low 1.3417
Previous Weekly High 1.3506
Previous Weekly Low 1.338
Previous Monthly High 1.3522
Previous Monthly Low 1.3274
Daily Fibonacci 38.2% 1.3459
Daily Fibonacci 61.8% 1.3443
Daily Pivot Point S1 1.3434
Daily Pivot Point S2 1.3391
Daily Pivot Point S3 1.3365
Daily Pivot Point R1 1.3502
Daily Pivot Point R2 1.3528
Daily Pivot Point R3 1.3571
Levels
Previous Daily High 1.3486
Previous Daily Low 1.3417
Previous Weekly High 1.3506
Previous Weekly Low 1.338
Previous Monthly High 1.3522
Previous Monthly Low 1.3274
Daily Fibonacci 38.2% 1.3459
Daily Fibonacci 61.8% 1.3443
Daily Pivot Point S1 1.3434
Daily Pivot Point S2 1.3391
Daily Pivot Point S3 1.3365
Daily Pivot Point R1 1.3502
Daily Pivot Point R2 1.3528
Daily Pivot Point R3 1.3571
Levels Levels Levels Previous Daily High 1.3486 Previous Daily Low 1.3417 Previous Weekly High 1.3506 Previous Weekly Low 1.338 Previous Monthly High 1.3522 Previous Monthly Low 1.3274 Daily Fibonacci 38.2% 1.3459 Daily Fibonacci 61.8% 1.3443 Daily Pivot Point S1 1.3434 Daily Pivot Point S2 1.3391 Daily Pivot Point S3 1.3365 Daily Pivot Point R1 1.3502 Daily Pivot Point R2 1.3528 Daily Pivot Point R3 1.3571 Previous Daily High 1.3486 Previous Daily High1.34861.3486 Previous Daily Low 1.3417 Previous Daily Low1.34171.3417 Previous Weekly High 1.3506 Previous Weekly High1.35061.3506 Previous Weekly Low 1.338 Previous Weekly Low1.3381.338 Previous Monthly High 1.3522 Previous Monthly High1.35221.3522 Previous Monthly Low 1.3274 Previous Monthly Low1.32741.3274 Daily Fibonacci 38.2% 1.3459 Daily Fibonacci 38.2%1.34591.3459 Daily Fibonacci 61.8% 1.3443 Daily Fibonacci 61.8%1.34431.3443 Daily Pivot Point S1 1.3434 Daily Pivot Point S11.34341.3434 Daily Pivot Point S2 1.3391 Daily Pivot Point S21.33911.3391 Daily Pivot Point S3 1.3365 Daily Pivot Point S31.33651.3365 Daily Pivot Point R1 1.3502 Daily Pivot Point R11.35021.3502 Daily Pivot Point R2 1.3528 Daily Pivot Point R21.35281.3528 Daily Pivot Point R3 1.3571 Daily Pivot Point R31.35711.3571