crude oil woes

USD/CAD: The Pair is Trading with a Clear Dovish Note


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

USD/CAD: The pair is trading with a clear dovish note as CAD retains strong fundamental support over positive crude oil price action and demand outlook. However, lingering caution in the global market and resultant safe-haven demand underpins USD keeping price above 1.40 handle for now. Traders are currently waiting for EIA weekly stockpile data, Powell Speech & PPI data for directional cues. 

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