USD/CAD Price Analysis: Bulls are worried that US yields are at extremes – by fx_ross USDCAD Technical Analysis
The week's highs in USD/CAD are eyed for the remaining stretch of the week.
The outcome will most probably depend on the path of the Us yields and the greenback though and the following illustrates the bullish bias for both:The greenback has been a laggard behind US yields which are making marks on weekly highs on Thursday, however, the momentum is solid and a break into deeper bullish territory could be on the cards as per the 2-year and 10-year chart respectively:Information on these pages contains forward-looking statements that involve risks and uncertainties.
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