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USDCAD boosted through 1.27 as WTI pushes above $42

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The USD lost out after another day of selling against the commodity currencies, led by CAD which has been boosted through 1.2700 as front month WTI pushes through $42.0. Production factors in Kuwait and Russia have tempered some of the disappointment from Doha, though the broader USD selling theme suggests 1.2600 is now the target lower down. AUD/USD has pushed through .7800 in the meantime, with some seeing the RBA lack of jawboning as a green light for higher levels, but we heard some notable

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