13 Jan 2015
USD/CAD hits fresh highs and approaches 1.2000
FXStreet (Córdoba) - USD/CAD extended gains on Tuesday and printed its highest level in almost 6 years as the loonie continued to weaken tracking oil's fall.
USD/CAD climbed to a peak of 1.1991 during the European trade, last seen April 30 2009, as crude oil broke below $45 a barrel, accumulating a 57% loss from 2014 highs above $107/bbl. At time of writing, USD/CAD is trading at 1.1977, where it is a few pips above its opening price.
USD/CAD levels to watch
As for technical levels, USD/CAD could find immediate resistances at 1.2000 (psychological level) and 1.2048 (Apr 30 2009 high). On the flip side, supports are seen at 1.1834 (Jan 12 low) and 1.1803/00 (Jan 9 low/psychological level).
USD/CAD climbed to a peak of 1.1991 during the European trade, last seen April 30 2009, as crude oil broke below $45 a barrel, accumulating a 57% loss from 2014 highs above $107/bbl. At time of writing, USD/CAD is trading at 1.1977, where it is a few pips above its opening price.
USD/CAD levels to watch
As for technical levels, USD/CAD could find immediate resistances at 1.2000 (psychological level) and 1.2048 (Apr 30 2009 high). On the flip side, supports are seen at 1.1834 (Jan 12 low) and 1.1803/00 (Jan 9 low/psychological level).