USD/CAD Resumes Bearish Stance As Crude Oil Rebounds From Doha Drop

Discussion in 'Technical Analysis' started by Kaitlin, Apr 19, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    USD/CAD turned down sharply from the key 1.3000 psychological resistance level on Monday as crude oil prices rebounded and pared losses after having plunged on Sunday’s failed oil deal meeting in Doha, Qatar. Initially, crude oil prices had gapped down significantly after news of the failure to strike a deal[​IMG]

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