USD/CAD rises near 2-week high above 1.35

FXStreet – The USD/CAD extending its gains on Friday, the fifth session in a row, so that the trading back above the 1.35 in.

The Pair managed to keep his positive mood this week and the recovery last week from 1-month low below 1,3400 expand. The sentiment towards the commodity as the Loonie currencies is bearish as Oil prices fall.

The disappointment in connection with the OPEC Deal to the reduction of Production, charged to WTI crude oil, so that the new 3-week low was formed in the mid-47,00, and the Couple approached the 1,3535.

Add to this the good ADP labour market report by Thursday on a decent NFP result today, lets hope.

Important Levels

Resistances lie at 1,3540, 1.3600 for and 1,3645-45. On the other hand, supports are located at 1,3510-1,3500, 1,3460-55 and price will be 1.3430-25.

** FXStreet News Editorial, FXStreet**

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