USD/CAD struggles near two-week low, below 1.2800 mark amid weaker USD/rising oil prices
A combination of factors prompted fresh selling around USD/CAD on Monday. Rising oil prices underpinned
Financial and Business News
A combination of factors prompted fresh selling around USD/CAD on Monday. Rising oil prices underpinned
USD/CAD prolonged its recent bearish trend and dropped to a fresh two-week low on Friday.
USD/CAD plummets to 1.2810 while bracing for the first weekly loss in five heading into
USD/CAD takes offers to refresh intraday low, prints another attempt to conquer the 200-EMA. Sustained
USD/CAD holds little changed on the day after negative close Friday. Economists at Scotiabank note
A pullback towards 1.2900 may result in a responsive selling action. The 20- and 50-EMAs
USD/CAD sees an upside to near 1.0305 as oil slumps on renewed demand worries. The
USD/CAD renews intraday low as sellers attack 1.3000 threshold, extends pullback from 18-month high. WTI
USD/CAD has ended the correction and is challenging the 2021 high at 1.2947/63. However, only
USD/CAD bulls take a breather after rising to the highest since November 2020. Overbought RSI,