USD/CAD Continues to Test Fresh Multi-Month Lows as CAD Grows

USD/CAD Hourly (H1) Chart
USD/CAD Hourly (H1) Chart

USD/CAD: The pair continues to test fresh multi-month lows as CAD grows strong with each passing day crude oil price makes solid gains. This has resulted in commodity-linked currency Canadian Loonie finally making a bearish breakout providing the pair with a clear downward directional bias.

As USD is also weighed down by multiple factors, the pair continues to fall sharply, having tested an intra-day low of the 1.3482 handle and consolidating around 1.3510 as traders await US API weekly stockpile data for the short term profit opportunities. 

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