USD/CAD put in an aggressive bearish trend in June and early-July, but has seen 50% of that prior move wiped out in a retracement.
USDCAD had a brutal start to the month of June, but over the past week shown continued signs of recovery. But bearish potential may still remain on a bigger-picture basis.
USDCAD has made a trip back to range resistance ahead of the Bank of Canada's interest rate decision on the calendar for tomorrow.
After spending the past month in a range, USD/CAD has put in a strong show of price action over the past 24 hours. Is a USD/CAD breakout nearing?
The Canadian Dollar fell against all of its major counterparts early into Asias Monday trading session as updates from the Alberta election weigh on the oil-tracking currency.