Forex - Chart USD/CAD Update: 1.2725 next downside within range


 09:56 (GMT) 17 May

  [Forex Charts]

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Chart USD/CAD Update: 1.2725 next downside within range (0100-ZTJB-C01)

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Asterisk denotes strength of level

09:55 GMT - USD/CAD is seeing some minor follow-through to Wed's selloff within the main range and could test lower to 1.2725 in the hours ahead with WTI's push into the key 72.00/88 zone early today. While a 72-handle on WTI helps USD/CAD push lower, we are mindful that a firmer DXY for now could limit the USD/CAD downside. In the event that 1.2725 falls, next key level is the 100-day MA at 1.2688.


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