The recent Saudi/Canada dispute has weighted heavily on the Canadian Dollar.
This short-term driver may boost USDCAD towards 1.3100 so long as we can hold the 1.3040/50 zone.
The only risk is the DXY falling through recent supports.
This short-term driver may boost USDCAD towards 1.3100 so long as we can hold the 1.3040/50 zone.
The only risk is the DXY falling through recent supports.
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Join over 42,000 traders and get the Forex Course for Smart Traders - 17 in-depth lessons - always 100% free at MarketMates.
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.