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FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption

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USD/CAD focuses on oil, 1.2450 resistance

Wednesday, February 18, 2015 10:42 AM UTC

USD/CAD fell from 1.2447-1.2371 after 10am ET Wednesday on volatile oil
WTI below USD 51/barrel when spot near 1.2450, above USD 54/barrel later
WTI at USD 52.75/barrel now, 75 cents lower on day
USD/CAD offers pushed at 1.2450 (Tuesday's London am high)
Key support seen at 1.2350 (1.2353 = Feb 3 low; 1.2360 = Tuesday low)
Weaker CAD no savior for falling auto sector

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USD/CAD focuses on oil, 1.2450 resistance

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