Nigeria
2020-04-06 16:40
Market analysisUSD/CAD Outlook (06 April 2020)
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Market analysis:
Overall, USD/CAD is trending upwards. Recently, USD/CAD tested but failed to break the resistance level of 1.42250.
It was announced over the weekend that the OPEC meeting has now been postponed to April 9 due to the intensification of the dispute between Moscow and Saudi Arabia over who is to be blamed for the plunging of crude prices.
Currently, USD/CAD is bouncing off the resistance level of 1.42250 and the next support level is at 1.39800.
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USD/CAD Outlook (06 April 2020)
Nigeria | 2020-04-06 16:40
Overall, USD/CAD is trending upwards. Recently, USD/CAD tested but failed to break the resistance level of 1.42250.
It was announced over the weekend that the OPEC meeting has now been postponed to April 9 due to the intensification of the dispute between Moscow and Saudi Arabia over who is to be blamed for the plunging of crude prices.
Currently, USD/CAD is bouncing off the resistance level of 1.42250 and the next support level is at 1.39800.
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