Crude oil prices up. USD down.
The USDCAD is falling on the back of USD weakness and a move higher in oil prices. WTI for May delivery is up 2.12% in trading currently.
Technically, looking at the 4-hour chart, the price has moved back into a consolidation range. There is not a whole lot of support. The low from April 6th comes in at 1.2436. The low from April 3 is at 1.2428. The low for the month is 1.2387.
