USD/CAD Takes a Dive: Oil Prices and Weak USD to Blame? BOC and US CPI Await!
USD/CAD pair continues downward trend What’s been happening? The USD/CAD pair has been experiencing some selling pressure for the second consecutive day, extending its rejection slide from the 50-day Simple Moving Average (SMA) around the 1.3385 region. This marks a one-month high that was touched last week. The downward trajectory, which is also the third…