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USD/CAD rises further, approaches 1.3400

FXStreet (Córdoba) - USD/CAD extended gains during the American session and recently printed a fresh daily high at 1.3391. It was trading at 1.3380/84, about to post the strongest daily close in more than 10 years.

The decline in equities worldwide and in crude oil prices boosted the pair. European markets finished sharply lower while in the US, main stocks indexes are falling more than 1.50%. The WTI barrel is falling 2.50%, trading at $44.50.

The pair continues to move with an upside bias and is approaching mutli-year highs that lie at 1.3417. Out of the last eight trading days it rose on seven.

USD/CAD technical levels

To the upside, resistance levels could be located at 1.3400, 1.3415 (Sept 24 high) and 1.3455. On the opposite direction, support might lie at 1.3355, 1.3315 (daily low) and 1.3285 (Sept 24 low).

EUR/USD: bulls have eyes on 1.1335 - FXStreet

Valeria Bednarik, chief analysts at FXStreet explained that a dull Monday ended with the safe-haven currencies generally higher and the dollar mixed across the board, with the EUR/USD advancing up to 1.1247 in the American afternoon, and having spent the rest of the day consolidating nearby.
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