USD/CAD Price Analysis: Attempts to come out of woods – by Sagar_Dua24 USDCAD Oil Fed DollarIndex SupportResistance
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USD/CAD Price Analysis: Jumps to two-month high, bulls seize control above 100-day SMAThe USD/CAD pair gains strong positive traction on Tuesday and rallies to over a two-month peak, around the 1.3435 region during the first half of the European session. Weaker Chinese trade data revives fears about faltering recovery in the world's second-largest economy and weighs heavily on Crude Oil prices. Apart from this, expectations that the Bank of Canada (BoC) will pause its interest rate hike campaign undermine the commodity-linked Loonie.
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USD/CAD Soars Amid Resilient US Dollar and Weak Oil PricesThe USD/CAD pair climbs swiftly to near 1.3475 in the European session due to the strong US Dollar and a sell-off in oil prices. This news provides information and should not be considered as a recommendation to buy or sell assets. Conduct your own research before making investment decisions.
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