crude oil woes

USD/CAD is Trading flat as Both Sides Keep it Steady

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

USD/CAD: The pair is trading flat as both sides have the strength to keep the other from building a rally. Positive crude oil price underpinned by reports from Saudi production cut helped CAD remain firm while USD is backed by safe-haven demand. But news of COVID-19 outbreak among white house staff keeps USD under pressure causing pair to move rangebound around the 1.4000 handle. 

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