USOIL(WTI crude) hitting a higher high
USOIL(WTI crude) continues to push as price action remains bullish, even after a slight dip. After moving back above 64.00, the commodity now has its sights set on a new high towards 65.50, which would pave the way for an extended recovery. As the RSI shot into the overbought area, bulls could catch their breath, with the former resistance at 62.00 being a fresh support. Further down, 60.00 would be a key floor with traders hopeful of a resurgence in the black gold.
USDCHF ticks higher
The US dollar is attempting another higher high after drastically falling away from the 0.8900 level. Price action is beginning a short consolidation after moving past 0.8250. A limited rebound could see some stiff selling pressure towards 0.8200, which makes it a major support in the short term. A close above 0.8330 can move the dollar to another fresh peak, which could open the door to another rally.
USDCAD remains flat
The Canadian dollar was held against its US counterpart as a lengthy consolidation continued. On the chart, the pair previously rapidly fell from its most recent peak at 1.4250. 1.3800 is a key floor from the latest bounce, and its breach would trigger a bearish continuation. 1.3930 is the first resistance to clear before a rebound can materialise.
