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USD/CAD rises for the fifth day to the best level since March. What's next

USD/CAD rises for the fifth day to the best level since March. What's next
USD/CAD is higher for the fifth straight day and the 7th day in the past 8. It's been a one-way move after failing to break 1.3300 on April 13 and is now trading at 1.3628, including an 87-pip rise today.I last wrote about this pair on April 13 and warned:"I'm cautious on further declines in USD/CAD. There's good support nearby so the risk-reward doesn't argue for selling now."The turn in the pair accelerated on soft Canadian retail sales in what could be a sign that higher Canadian mortgage rat... Read More
Posted: Apr 25 2023, 16:01
Author Name: forexlive
Views: 110578

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