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FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption

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USD/CAD falls below 1.24 on strong oil, WTI at 53.20

Tuesday, February 17, 2015 10:42 AM UTC

1.2382 = 11-day low for USD/CAD as CAD regains from rising oil prices
WTI at USD 53.20/barrel, 40 cents higher than Monday
USD/CAD support levels are 1.2375 (Feb 6 low) & 1.2353 (Feb 3 low)
Break below 1.2350 for pair opens up downside risk to 1.2115 (Jan 20 high)

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USD/CAD falls below 1.24 on strong oil, WTI at 53.20

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