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USD/CAD buyers hopeful on latest upside break

USD/CAD buyers hopeful on latest upside break
A stronger dollar and negative risk sentiment has been underpinning the pair recently but it wasn't really until yesterday, that we really saw an upside move with decent momentum. And that comes despite oil prices staying more resilient with WTI crude rising to fresh three-week highs and moving above $74 in trading yesterday.But for USD/CAD, it is certainly shaping up to be more of a technical breakout as the pair shakes off the back and forth action in and around the 100 (red line) and 200-day... Read More
Posted: May 25 2023, 08:27
Author Name: forexlive
Views: 110751

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