USD/CAD is Seeing Positive Price Action in the Market Today

USDCAD Hourly (H1) Chart

USD/CAD: The pair is seeing positive price action in the market today but price remains capped below the 1.3590 mark. The rally is driven by Loonie’s weakness on dovish crude oil price, but lack of USD’s strength to build on today’s gains will keep the price below said price level in North American market hours. Macro data updates from US & Canada and President Trump’s Supreme Court hearing in focus

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

Was this post helpful?