USD/CAD remains bullish as DXY strength continues, driven by hawkish Fed expectations.
The Canadian Dollar is under pressure amid weaker oil prices and a dovish BoC outlook.
Diverging monetary policy stances between the Fed and BoC support USD upside.
Overall, the pair favors further gains with dips likely to be bought.
The Canadian Dollar is under pressure amid weaker oil prices and a dovish BoC outlook.
Diverging monetary policy stances between the Fed and BoC support USD upside.
Overall, the pair favors further gains with dips likely to be bought.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.