USD/CAD flirting with highs near 1.3520

The greenback is extending its upbeat mood into the second half of the week, with USD/CAD now looking to keep business above the 1.3500 handle.

USD/CAD focus on oil, USD

Spot is advancing for the third consecutive session so far, sticking to levels around the 1.3500 handle after climbing as high as 1.3520 during overnight trade.

The demand for the greenback has pushed the US Dollar Index to fresh 13-year tops in levels just shy of the key 102.00 barrier, albeit receding some ground after the Asian trading hours.

Somewhat limiting the downside, prices for the West Texas Intermediate are posting small gains so far today, retreating from recent peaks and finding some buyers around the $48.00 mark.

Nothing scheduled in the data space in Canada, whereas US markets remain closed due to the Thanksgiving Day holiday.

USD/CAD significant levels

As of writing the pair is advancing 0.17% at 1.3514 and a break above 1.3566 (high Nov.18) would expose 1.3575 (50% Fibo of the 2016 drop) and finally 1.3590 (high Nov.14). On the other hand, the immediate support lines up at 1.3374 (low Nov.22) followed by 1.3311 (38.2% Fibo of the 2016 drop) and finally 1.3260 (low Nov.9).