USD weakened significantly against other major currencies ahead of the London fix, despite lack of any new fundamental factors. Earlier unnamed western officials said that there is a significant difference in positions in the Ukraine-Russia peace talks. Later Russian sovereign bond coupon payment was received by JPMorgan processed and bank did onward credit to paying agent Citi, according to a source familiar with the situation. USDCAD pair fell sharply on Thursday, reaching the lowest level in two weeks, amid a rebound in commodity prices. Pair is currently testing local support at 1.2640 which coincides with 50.0% Fibonacci retracement of the upward wave launched at the end of October 2021. Should a break lower occur, the next target for sellers is located at 1.2600 level.
USDCAD, H1 interval.Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
