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USD/CAD sinks more than 100 pips. What's next
The Canadian dollar is competing with the kiwi for the top spot in G10 FX today as risk trades surge and the US dollar sinks. USD/CAD is down 106 pips to 1.3747, which is the lowest in a week.The price action in November so far is a mirror image of October, when the pair hit a one-year high of 1.3892 from 1.3446 on the first day of the month. Now it's testing the minor October trendline and has just edged below it. Beyond that, there is little support until the 55-day moving average at 1.3621 an...
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Posted: Nov 2 2023, 19:26
Author Name: forexlive
Views: 112272