The pair USDCAD is Trading Positive in the Global Market

USDCAD Hourly (H1) Chart

USD/CAD: The pair is trading positive in the global market, having managed to gain hold above 1.33 handle in the previous session. But price action is trapped in a range around mid-1.33 handle as USD came under pressure over declining US T.Yields. The sharp decline in the crude oil price continues to keep Loonie under pressure allowing USD to retain most of its gain. Traders now await U.S. and Canadian data for short term profit opportunities.

Please feel free to share your thoughts with us in the comments below. 

Was this post helpful?