USD/CAD Buoyant on Weak Oil, But Demand on CAD/JPY Slow Gains

        0111 GMT [Dow Jones] USD/CAD is likely to trade with a buoyant tone Thursday, supported by soft oil prices. But USD/CAD gains are tempered by Loonie demand on a rising CAD/JPY cross amid weak yen sentiment. The daily chart is mixed as the MACD indicator is bearish, but the slow stochastic measure is turning neutral. Resistance is at 1.1360 (Wednesday's high); a breach would expose upside to 1.1393-1.1401 (Friday's high-Nov. 11 high). Support is at 1.1291 (Wednesday's low); a breach would tilt the near-term view negative, targeting 1.1260 (Friday's low). Spot USD/CAD is at 1.1347. (jerry.tan@wsj.com)

        (END) Dow Jones Newswires

        November 19, 2014 20:11 ET (01:11 GMT)

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