
USD/CAD Dips Below 1.3600 as Oil Prices Rebound and USD Weakens Ahead of US CPI
The USD/CAD pair retreats from 200-day SMA breakout Struggling to maintain momentum The USD/CAD pair is facing challenges in capitalizing on the recent breakout through the crucial 200-day Simple Moving Average (SMA). Despite touching a three-week high around the 1.3615 area earlier on Wednesday, the pair has retreated in the European session, dropping to a…