USD/CAD Enters into Consolidation around the Mid-1.34 Handle

USDCAD Hourly (H1) Chart
USDCAD Hourly (H1) Chart

USD/CAD: The pair has entered into consolidation around the mid-1.34 handle as USD remains firm on broad-based risk currency sell-off and demand for safe-haven assets, but it failed to establish rally owing to pressure from declining US T.Yields. Sharp fall in crude oil price across the week keeps Loonie weighed down. Traders now await Canadian GDP and US data for short term profit opportunities. 

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