USDCHF ticks lower
The US dollar is attempting to find support after sharply falling from the 0.7900 level. Price action is beginning a short consolidation after moving towards a fresh low, which could keep the pair pressured.
A limited rebound could prompt buyers to enter the market, making 0.7770 a major support level.
A close above 0.7840 could push the dollar to a fresh peak, opening the door to another rally.
USDCAD remains flat
The Canadian dollar holds its ground against the US dollar amid a lengthy consolidation. On the chart, the pair previously fell rapidly from the peak at 1.3700.
1.3600 is a key floor from the latest bounce, and its breach would trigger a bearish continuation.
1.3660 is the first resistance to clear before a rebound can materialise.
USOIL hitting a lower low
WTI crude continues to push lower, with price action remaining bearish. After moving back below 95.00, the commodity now has its sights set on a new low towards 88.60, which would pave the way to an extension.
As the RSI shot into the oversold area, sellers can catch their breath.
0.8860 is a fresh support, and 87.20 would be a key floor as traders look for a resurgence in the black gold.
100.00 is a key target to see if another rally will ensue.
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