From now on we Elev8
We're more than just a broker. We're an all-in-one trading ecosystem—everything you need to analyse, trade, and grow is in one place. Ready to elevate your trading?
Trading news
6 Apr 2020
USD/CAD: 1.4000 will be key to watch on the downside – OCBC
The USD/CAD continues to play the range between 1.4100 and 1.4300 range, as the crude oil complex continues to fluctuate on shifting headlines, per OCBC Bank.
Key quotes
“Note that short-term implied valuations have capitulated lower. 1.4000 will be key to watch on the downside. A clear breach will signal a return of a downside bias.”
“In the interim, expect further sideways movement for now.”