Today, in terms of published news was traditionally quiet, but the dollar / Canada was able to find the latest driver for the movement of prices of oil and other raw materials, reduction of which provoked a noticeable drop in the Canadian exchange rate, which currently remain under pressure in anticipation of data from Canada's securities transactions. Scotia Capital Currency strategists point out that oil remains a significant driver for the Canadian currency, but the rate of correlation between them is 0.65, and they pay attention to the fact that, perhaps more serious pressure on the loonie has a falling stock quotations - to remind us that correlation between the Canadian currency and stock markets is about 0.92, and published this week, corporate reports can help the couple decide the direction of motion. Further deterioration in investor sentiment and increased pressure on oil would be a positive development for U.S. / Canada, but the latter remains below the line of resistance to the maxima of March break above that needed for the return of bovine mood. Dealers noted that the nearest pair of resistance have a warrant for sale in area C $ 1.2340/50, but break above will be a positive signal and would test the strength of the levels of C $ 1.2430/45. Bidy now visible around C $ 1.2290 to a high concentration of C $ 1.2260/50.
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