USD/CAD recovers from the lowest in four weeks
USDCAD has found strong support area near the penetrated descending trend line and the 38.2%
In the short-term, the outlook seems to turn slightly bullish after the jump towards the 1.3325 resistance and the momentum indicators are holding in bullish area.
Fresh risk aversion, weak fundamentals elsewhere add strength to the US dollar.
In the short-term, the outlook seems to turn slightly bullish after the jump towards the 1.3325 resistance and the momentum indicators are holding in bullish area.
Fresh risk aversion, weak fundamentals elsewhere add strength to the US dollar.
Trade closed: target reached