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USDCAD

USD/CAD: The Pair is Trading with Clear Dovish Bias

July 28, 2020
USD/CAD Hourly (H1) Chart
USD/CAD Hourly (H1) Chart

USD/CAD: The pair is trading with clear dovish bias as USD scales fresh multi-year lows. But the decline is limited well above the 1.3350 mark as CAD lacks the strength to build rally over-current scenario surrounding crude oil price momentum. Traders await US data for short term profit opportunities, but the overall directional bias remains in favour of Loonie. 

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