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USDCAD retraces 61.8% Fibonacci

FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD retraced to 61.8% Fibonacci of the fall since June. Tuesday it extended gains as the dollar advanced on improved risk sentiment while the Canadian dollar was also supported by rising oil , but not as much. Trade optimism and stimulus hopes supported the crude and thus commodity-linked currency. The focus will be on the US crude stocks today. For the week the investors will be following Fed symposium and Chair Powell tone towards future monetary stance. The two-month high in sight around 1.3400.
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