USD/CAD removal of the recovery gains, final OPEC announcement expected

FXStreet – The USD/CAD extended its recovery from more than 1-month low and the high was in the middle of the 1,3400 formed. The Pair builds a part of its initial gains and is currently quoted at 1,3425-20.

It prices came to a strong decline in crude oil, although there was news that the OPEC members can agree on a 9-month extension of the reduction in Production. This circumstance currencies, the raw material such as the Loonie and the Pair is Bouncing from the lowest level since the 19th century. April.

The recovery of the Greenback to put up with the American trade, after the US initial jobless claims better than expected.

Investors are now waiting for new headlines from the Meeting of OPEC and non-OPEC producers and the final announcement.

Important Levels

About 1,3450-60 Resistances at 1.35 and 1,3535-40. On the other hand, supports are located at 1.3400, 1,3350 and 1,3330-25.

** FXStreet News Editorial, FXStreet**

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