USD/CAD Sees Flat Price Action around 1.3600 due to the Oil Market

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

USD/CAD: The pair is seeing flat price action around the 1.3600 mark and price often tests the 1.3590 mark as CAD remains firm supported by positive crude oil market activity. USD’s weakness had little impact as safe-haven demand provided USD bulls with enough strength to retain price action at current levels. Traders now await US data for short term profit opportunities. 

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

TOP BROKERS

Latest News

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

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

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

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

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

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