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Market Focus: USDCAD and Oil

jeffriess
มีนาคม 31, 2020
by Joseph Jeffriess, Market Analyst

Today’s video report

Is the USDCAD starting to develop a new lower high pattern after a fast trend break? Oil continues to hold support despite a new push lower by sellers overnight. Fundamentally oil continues to remain in a consolidation with demand worries from Covid-19 and the ongoing price dispute between Russia and Saudi Arabia.

Daily chart support and resistance to watch

Oil: support $21.60 area

USDCAD: resistance 1.4185 area

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