crude oil woes

USD/CAD Trades with Clear Dovish Bias due to Improved Risk Sentiment

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

USD/CAD: The pair trades with clear dovish bias as improved risk sentiment in the market led by easing China-U.S. trade tensions and improved crude oil price movement provided a great deal of support to CAD. This, along with USD sell-off earlier in the day, caused the price to move below 1.40 handle. Traders now await the US and Canadian macro data for short term profit opportunities. 

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