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USD/CAD seeks 1.2500 resistance as oil suffers

Thursday, February 19, 2015 11:24 AM UTC

USD/CAD in 1.2438-1.2489 range, up from 1.2381 Wed' (now support)
Pair strengthened by a renewed fall in oil price (Brent sub USD59)
Initial resistance provided by the 10dma at 1.2496 and 21dma at 1.2500
Tenkan sen is at 1.2529
Technical support back at yesterdays 1.2381 low
Minimal expiries, but DTCC does show 900mln 1.24's Friday

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USD/CAD seeks 1.2500 resistance as oil suffers

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