USD/CAD Outlook (06 April 2020)
Overall, USD/CAD is trending upwards. Recently, USD/CAD tested but failed to break the resistance level of 1.42250.
It was announced over the weekend that the OPEC meeting has now been postponed to April 9 due to the intensification of the dispute between Moscow and Saudi Arabia over who is to be blamed for the plunging of crude prices.
Currently, USD/CAD is bouncing off the resistance level of 1.42250 and the next support level is at 1.39800.
It was announced over the weekend that the OPEC meeting has now been postponed to April 9 due to the intensification of the dispute between Moscow and Saudi Arabia over who is to be blamed for the plunging of crude prices.
Currently, USD/CAD is bouncing off the resistance level of 1.42250 and the next support level is at 1.39800.
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