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USDCAD

USD/CAD is Trading Flat as Both Currencies Lack Directional Bias

August 7, 2020
USD/CAD Hourly (H1) Chart
USD/CAD Hourly (H1) Chart

USD/CAD: The pair is trading flat as both currencies lack directional bias. Crude oil weekly data record from the US seems to mismatch with previous reports as per analyst claims causing the price of oil to enter consolidation while USD remains weaker on pressure from geopolitical and economic woes. Traders now await unemployment claims for short term directional cues.

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