USD/CAD extends losses below 1.3700
Hello dear friends!
The USD/CAD pair continued to decline in today's trading session and is currently at 1.367. The drop in this currency pair is driven by the adjustment of the US Dollar (USD) to its lowest level in a month.
However, the increase in US bond yields and escalating political tensions in the Middle East may limit the decline of the USD. This currency pair is currently trading around 1.3674, down 0.12% for the day. If the expected price drop occurs, the targets will be two important levels at 1.357 and 1.350.
What about you? Do you think this currency pair will rise or fall?
The USD/CAD pair continued to decline in today's trading session and is currently at 1.367. The drop in this currency pair is driven by the adjustment of the US Dollar (USD) to its lowest level in a month.
However, the increase in US bond yields and escalating political tensions in the Middle East may limit the decline of the USD. This currency pair is currently trading around 1.3674, down 0.12% for the day. If the expected price drop occurs, the targets will be two important levels at 1.357 and 1.350.
What about you? Do you think this currency pair will rise or fall?
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