Learn about the USD/CAD currency pair, which defines the exchange rate between U.S. and Canadian dollars, essential for forex trading insights.
After reaching 16-year lows against the euro, 22-year troughs against the USD, and a new nadir against the CHF, CAD is forging a sharp turn, supported by higher petroleum and gold prices.
Back to the technicals, though, and USD/CAD has made its way back to a key confluence level at 1.3728. This makes the upcoming sessions key, as it could see USD/CAD extend its rally higher, or we ...