This post was originally published on this site.USDCAD moved higher yesterday, extending toward a former support zone between 1.41297 and 1.41488 that has now become resistance. In early Asian-Pacific trading today, the pair reached 1.4128, just shy of the lower end of that swing area, where sellers stepped in and pushed the price lower. The pullback found support at the 100-hour moving average, where buyers slowed the decline and sparked a modest rebound. That moving average comes in at 1.40923, while the 200-hour moving average sits lower at 1.40737. The pair currently trades at 1.41056. Heading into the North American...

This post was originally published on this site.Crude oil futures settled at $79.26, down $3.35 or -4.06% on the day. Prices traded in a wide range, reaching a session high of $82.43 before selling accelerated into the close. The decline took WTI to a low of $77.78, where buyers emerged after the price tested the upper end of a key swing area between $77.11 and $77.93. That support zone remains an important technical barometer. A sustained break below it would increase the bearish bias and shift the focus toward the 200-day moving average at $75.36, the next major downside target....