crude oil woes

USD/CAD Fell Below 1.40 Handle Yet Again Given Considerable Gains

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

USD/CAD: The pair fell below 1.40 handle yet again given considerable gains posted by crude oil futures and crude oil-based stocks which underpin commodity-backed currency Loonie. Vaccine cues and improved economic outlook also weighed down USD causing the pair to touch intra-day lows of 1.3982. Traders now await updates from the USA for short term profit opportunities. 

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