USDCAD

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

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. 

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

Was this post helpful?