Fundamental Analysis, USD/CAD

USD/CAD is Trading with Clear Dovish Bias

USD/CAD: The pair is trading with clear dovish bias as positive crude oil price in the broad market and vaccine cues helped CAD gain strength. Escalating Sino-U.S. tensions and economic development in the USA add pressure on USD which for now remains supported by prevalent cautious market tone albeit slowly losing strength. The pair is now trading in the upper half of 1.38 handle while traders await US data and senate testimony for short term trading cues and profit opportunity.

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

TAGS: Fundamental AnalysisUSD/CAD

Karthik Subramanian
May 20, 2020

TOP BROKERS

Latest News

Brokers

Vantage FX Review:

The multi-regulated CFD broker with 180+ products BRIEF INTRODUCTION The Vantage Group of Companies was incorporated in 2009 by a

May 2, 2026

Brokers

Samtrade FX Review:

A comprehensive analysis of an award-winning broker BRIEF INTRODUCTION Samtrade FX is incorporated in Saint Vincent and the Grenadines under

May 2, 2026

Brokers

Plus500 Review:

The Israeli-based multi-asset company with 2000+ products BRIEF INTRODUCTION Plus500 is a trademark of Plus500 Limited, an Israel incorporated firm

May 2, 2026

Brokers

Pepperstone Review:

BRIEF INTRODUCTION Pepperstone, founded by Owen Kerr and Joe Davenport, is an FX and CFD broker based out of Melbourne,

May 2, 2026

Brokers

IG Markets Review:

An in-depth analysis of the top Australian forex broker Introduction to the top CFD broker IG Markets Ltd is the

May 2, 2026

Brokers

IC Markets Review:

The tier-I regulated broker with the lowest spreads in the industry BRIEF INTRODUCTION IC Markets is the trading name of

May 2, 2026