USD/CAD tests the brand of 1.35

FXStreet — According to a European business failed to recapture the brand of 1.35, the USD/CAD on the accelerator, as the Greenback versus its rivals on the strength won. Finally, the currency traded pair on 1,3491 and to 0.08 per cent in the Minus.

Due to the solid Performance of the US yields, the US Dollar Index over the 97-point mark, where he failed yesterday jumped. The Index has recently been rising by 0.25 percent to 97,11. The yield on 10-year U.S. Treasury bonds rallied by almost 1 percent, to 2,274 per cent. At the same time, interest rate hike expectations have jumped, according to the CME Group FedWatch Tool, and over 80 percent for the June meeting are now available.

On the other hand, the bull put Momentum around the Oil prices take a breather, as investors wait to Meet the OPEC which will take place on Thursday. The barrel of the US variety of West Texas Intermediate was last updated on 51,30 dollars and only 0.3 per cent in the Plus.

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USD/CAD remains short-term bearish

Technical Outlook

With a clear break above the 50-day line at 1,3510 the currency could take a couple of the levels of 1,3590 (10-day line) and 1,3645 (20-day line) to the visor. On the bottom of the Deep the define 20. April 1,3455, the psychological level of 1,3400 and the Low of the 10. April at 1,3320 the next supports.

** FXStreet News Editorial, FXStreet**

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