USD/CAD: The Pair is Trading Flat with a Slight Positive Bias

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

USD/CAD: The pair is trading flat with a slight positive bias, albeit trapped below 1.40 handle. While USD remains weak in broad market and jobless claims data came as a major blow, traders have already priced in Crude oil’s gains resulting in CAD unable to retain the upper hand in a price rally. Traders now await Canadian GDP data for short term profit opportunities and directional cues. 

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