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USD/CAD back above 1.35 today as Oil slips

On Friday the USD/CAD rebounded and set a daily and weekly close above 1.3500, at 1.3505. The drop back in oil prices on Friday helped that higher close. So, that daily close was mildly positive, but not exactly conclusive. That said, the US dollar has made a bit more progress today, reaching a session high earlier, at 1.3529. The price action remains camped below the most recent highs at 1.3585 and right now sandwiched in between its 200 day moving average (at 1.3478) and its 100 day moving  average (1.3541). The low seen earlier today was set at 1.3492. The USD/CAD is currently trading at 1.3517
 

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