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USD/CAD is Trading with Clear Dovish Bias as USD Lost Strength

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

USD/CAD: The pair is trading with clear dovish bias as USD lost strength on improved risk sentiment and impact of US government making its 4th economic support package live yesterday. Improvement in crude oil price action also strengthened CAD bulls resulting in the pair seeing a 2% decline during intra-day activity. Traders now await US API weekly stockpile data, Jolts Job Openings, and Canadian Ivey PMI for short term profit opportunities. 

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