USD/CAD is Trading with Clear Dovish Bias Led by USD Weakness

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

USD/CAD: The pair is trading with clear dovish bias in a rally led by broad market USD weakness. The price has declined below 1.36 handle and remains range-bound around the 1.3550 mark. But CAD’s weakness led by dovish crude oil market conditions helped limit the decline. Traders now await US data for short term profit opportunities. 

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

Was this post helpful?