The Canadian currency is not too changed against the U.S. dollar, though a few passed the position on the background of falling oil prices. According to analysts of CIBC, the recent decline in oil prices is not the only cause of weakening of the Canadian dollar. Most currencies are trying to determine the direction against the American dollar in the short term. Meanwhile, TD Securities analysts believe that the intraday resistance for the pair dollar / Canada in the area of 1.1600 / 1.1620 is strong enough, but the U.S. currency will try to improve their position and stand up to the middle and upper areas of 1.16. Nevertheless, in the short-term foreign currency bank's strategists expected range trading for the pair. Now a pair of dollar / Canada is traded at 1.1580.
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