Market Focus: USDCAD and Oil

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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Posted in CFD News