crude oil woes

USD/CAD is Trading Lower with Intra-Day Lows Testing 1.3612

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

USD/CAD: The pair is trading lower with intra-day lows testing 1.3612, a sharp fall from 1.38 handle where price consolidated last week. Crude oil price testing monthly highs and USD losing fundamental support suggests pair is likely to decline further in foreseeable futures. Traders now await US data for short term profit opportunities.

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