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USDCAD

Pressure from CAD Caused USD/CAD to Decline Below the 1.37 Mark

June 30, 2020
USDCAD
USDCAD Hourly (H1) Chart

USD/CAD: The pair is trading flat, lacking directional bias as both USD and CAD remain fundamentally supported in today’s rally. Positive crude oil price aids Canadian Loonie while lingering safe-haven demand underpins USD bulls. However, pressure from CAD caused the price to decline below the 1.37 mark. Traders now await the US and Canadian macro data for short term profit opportunities. 

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