USD/CAD: Scenarios
<p>On Tuesday, the dollar strengthened, taking into account warnings from Powell. The DXY , starting last trading day with a gap down, increased by 45 points, and on Wednesday the dollar continues to strengthen. At the time of publication of this article, DXY futures are traded near 97.20, 27 pips above the closing price last Tuesday. At the same time, the dollar remains vulnerable against the Canadian dollar, which is supported by rising oil prices. The USD / CAD remains in a 3-month downtrend, has been traded at the beginning of today's European session near the level 1.3548, below the key resistance level 1.3590. After USD / CAD reached a local 20-year high near 1.4668 in mid-March, the pair subsequently plummeted, was traded near 1.3530 at the beginning of today's European session, below the short-term resistance level of 1.3548 (EMA200 on the 1-hour chart) and 1.3590 (ЕМА200 on the daily chart). The breakdown of the support level 1.3450 (the Fibonacci level 23</p>
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