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Business / Finance

Dollar rises after deferral of fees

MQL5: Blogs Traders 15.08.2019 at 09:19

Blogs traders and analyst of financial markets


Dollar/loonie stuck between the significant levels 1.3300-1.3200. The weakening of the trade conflict between the US and China creates demand for commodities, and, in fact, the decline of the pair usd/cad, which we witnessed on Tuesday. At the same time, the collapse of oil prices hinders the strengthening of the loonie and can lead to breakout by usd/cad level 1.3300.

If this level of resistance will go to support, you can expect continued growth to 1.3500-1.3470. The downward movement should only be considered after a steady consolidation below 1.3200.