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USDCAD

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

August 6, 2020
USD/CAD Hourly (H1) Chart
USD/CAD Hourly (H1) Chart

USD/CAD: The pair is trading with clear dovish bias as a rally driven by a rebound in the crude oil price to multi-month highs pushed the price below the 1.324 mark . Broad market USD weakness also aids rally, allowing price to consolidate around mid-1.32 levels while traders await the fresh US and Canadian macro data for short term profit opportunities. 

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