USD/CAD fails prior to 1.35, the correction in the vicinity of the 1,3450

FXStreet — The USD/CAD failed just before the psych. Brand of 1.35 and so it was dismantled, a part of the recovery gains from the more than 1-month low.

Investors were disappointed by the OPEC decision on the reduction of Production, to extend to 9 months and as Oil prices fell, making the Couple began a recovery from below 1,3300. At this level, we saw the Couple last updated on July 19. April.

Of data the preliminary US Q1 GDP, expected to us today, the new orders of durable consumer goods and the Revision to the UoM consumer sentiment index. On Monday, the US banks due to the Memorial Day closed.

Important Levels

Immediate support lies in the vicinity of the 1,3440-45 and below the 1.34 and the 1,3330-25 follow. On the other hand, Resistances are at 1.35 (psych. Level) and 1,3535-40.

** FXStreet News Editorial, FXStreet**

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