The pair USD/CAD has renewed its daily minimum at 1.3260 in the midst of a weaker dollar, but was able to gather some momentum for a recovery later in the session american.
At this time, the pair was still down 0.3% on the day, trading at 1.3283. The commercial action of the pair seems to be dominated by the dollar and oil prices, as there are no catalysts fundamental to be seen in the markets.
On the other hand, a recent observed fall in the prices of the crude oil of the WTI prevents the canadian dollar gain more strength against the us dollar. The barrel of WTI could not have been maintained in 53 dollars and lost about 50 cents of the maximum daily and is now listed in 52.73 dollars, losing a 0.85% on a daily basis.
Above 1.3300 (psychological level), the pair might find the first resistance at 1.3330 (DMA-20/DMA 50) and 1.3400 (psychological level).
On the negative side, 1.3255 (DMA 200) could be seen as first support followed by 1.3200 (psychological level) and 1.3110 (minimum of 22 February).