USD/CAD is Trading in Red Today with Price Declining

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

USD/CAD: The pair is trading in red today with price declining well into the lower half of 1.35 handle. While CAD remains well supported by positive crude oil price in the market, it still lacks the strength to make a breakout rally resulting in today’s downside move being driven by broad market USD weakness. Traders now await BOC interest rate decision update and US macro data for directional bias and short term profit opportunities. 

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