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USD/CAD challenging 1.3300 handle amid risk-off sentiment

01/14/2019
at 7:11 AM

USD/CAD is attempting to regain 1.3300 handle, lifting to 1.3290 as Greenback rose on the day due to soured risk sentiment. The pair had touched 1.3180 lows last week amid sharp recovery in crude oil. 

However, the rise in USD/CAD could be short lived as energy prices may continue to recover at back of supply cut by OPEC.

Technical Levels

R1: 1.3306
R2: 1.3341
R3: 1.3403

S1: 1.3209
S2: 1.3147
S3: 1.3112

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