USD/CAD tallies up 400 pips on the Fed

Currently, USD/CAD is trading at 1.3404, up 0.45% on the day, having posted a daily high at 1.3421 and low at 1.3316.

USD/CAD has taken off with broad based dollar strength on Yellen's comments that are again bullish on the US economy in respect to ages and job creation/growth. WTI has hit a roadblock on Yellen as well, hitting $5345 the highs and capped $51.75.

The Canadian dollar has been battered in a strong dollar environment, running up some 400 pips since the Fed's announcements and the 1.3580's are on the horizon to meet 13th Nov highs while oil remains fragile with analysts concerned that the accord could be broken on one of the members of the accord breaking the deal on higher oil and taking advantage of higher prices when they cash in.

Fed's Yellen: U.S. job market is strongest in nearly a decade; indications wage growth is picking up

Watch:

For more on oil, an FXStreet panel between Ross Burland, editor at FXStreet and FX Bootcamp's Wayne McDonell discussed the outlook with some training around setting up fundamentals and technical analyses.

USD/CAD levels

Current price is 1.3405, with resistance ahead at 1.3421 (Daily High), 1.3430 (Daily Classic R2), 1.3466 (Daily Classic R3), 1.3481 (Weekly Classic R1) and 1.3523 (Monthly High). Next support to the downside can be found at 1.3394 (Yesterday's High), 1.3387 (Daily Classic R1), 1.3366 (Hourly 20 EMA), 1.3351 (Daily Classic PP) and 1.3347 (Weekly High).