Following the Fed's hawkish rhetoric in April, the US currency began to rise sharply against almost all currencies, but recent comments by members of the board that the likelihood of one-time rate hikes of 0.75 percent is extremely low, as well as a gradual decline in inflation after the low base of the first five months of 2021, pushed the dollar back. This element, along with the rate increases from several Central Banks, is becoming increasingly important in the near future - the market is prepared for a rate hike in the United States.

Key supports for USDCAD are 1.258 and a range around 1.248-1.25. If it is passed, a strong bearish movement towards 1.23 and 1.2 will begin.

At the same time, it hit the 50-day moving average and successfully bounced up from it, returning to the next derivative channel. To reduce oil prices, one of two conditions must be met - a reduction in tension in Ukraine or a deal with Iran, which will give the market about 2 million barrels per day of additional volume. So far, both scenarios seem unlikely, so at least until the end of March, oil may continue its growth, returning to $120 per barrel.