USD/CAD is Trading with Clear Dovish Directional Bias

USDCAD Hourly (H1) Chart

USD/CAD: The pair is trading with clear dovish directional bias as outlook surrounding Canadian Loonie improved considerably today while USD weakened on T.Yields decline. Commodity-linked currency is supported by a 3% spike in the liquid gold price. The pair is steady above 1.33 handle for now, but further gains in crude oil price and the escalating death toll would push the odds in favor of CAD. 

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