USDCAD Prepares to Take its 2-Month Losses Back



Brent oil price, which sees the pre-war levels as a result of the developments in the EU - Russia line on the ceiling price - production amount in the global markets, creates the concern that it will decrease Canada's revenues, making it difficult for the Canadian dollar to find demand. From this point of view, in the permanent recovery above 1.3725 of the parity, which realized the minor trend change, 1.3790 and then 1.3860 level can be tested. In retreats, the 1.3605 – 1.3540 line will be the power collection zone.