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