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British Defense Secretary Healy: We have eight fighter jets in Qatar.On March 10, Ukrainian President Volodymyr Zelenskyy posted on his official social media platform that the priorities and full attention of Ukraines partner countries are currently focused on the situation in the Middle East, therefore the meeting originally scheduled for this week at the suggestion of the United States has been postponed. Zelenskyy stated that he held a meeting with the Ukrainian negotiating team that day and instructed them to communicate with the US negotiating representatives: firstly, to reaffirm Ukraines willingness to engage in strategic cooperation on security issues, particularly in the defense of drones; and secondly, to reaffirm Ukraines willingness to undertake substantive work to end the Russia-Ukraine conflict.California Governor Newsom: Are Americans who tout "historically low" oil prices but call those worried about a war with Iran driving up prices "fools"? Trump is a liar with no plan, and he is letting the American people down.On March 10th, US President Trump stated that the US does not rule out the possibility of obtaining oil from Iran. Meanwhile, US officials stated that the war "is aimed at stripping Iran of its nuclear weapons and weakening its deterrent so that it no longer poses a threat to the United States or its Middle Eastern neighbors." Trump stated that he did not want to discuss whether he wanted the US to seize Iranian oil, but added, "Of course, people have talked about it." He referred to Venezuela, where the US launched a raid in January to capture its leader, Maduro. Since then, the Trump administration has taken steps to acquire and develop Venezuelas oil reserves. In his State of the Union address last month, Trump stated that the US had obtained more than 80 million barrels of oil from Venezuela. "Look at Venezuela," Trump said, "People have been thinking about it, but its too early to talk about it now."Standard & Poors Global Ratings stated that the Middle East wars have exacerbated the pressure on the European chemical industry.

USD/CAD Price Analysis: Retracement Moves Seek Confirmation at 1,3000

Alina Haynes

May 13, 2022 10:00

USD/CAD consolidates recent advances while retreating from its highest level since November 2020, reaching a fresh intraday low around 1.3010 during the Asia session on Friday.

 

In doing so, the Loonie pair depicts a pullback from a four-day-old resistance line, which was near 1.3080 at the time of publication.

 

Given that the downward-sloping RSI (14) line is not oversold, the most recent price downturn may continue for a while longer before reaching any important support.

 

However, a junction of the 100-HMA and a one-week-old ascending trend line at 1.2995 is a formidable obstacle for USD/CAD bears.

 

In the event that the price falls below 1.2995, various levels surrounding 1.2920-10, including the high from early May and the 200-hour moving average, will attract pair sellers.

 

In contrast, a decisive breach of the aforementioned short-term resistance line of 1.3080 would require confirmation from the 1.3100 level before going for the peak of 1.3172 in late November 2020.

 

In conclusion, USD/CAD decline is not indicative of a trend reversal until the quotation breaks 1.2920.

The USD/CAD Hourly Graph

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