FX Analysis

USD weakness puts USD/CAD on the target list

The overall weakness in the US Dollar has provided some trends on those currencies paired with the Greenback. In this week’s Technical Insights, Toby from Trade With Precision assesses the USD/CAD trend for potential rallies back into the moving averages and a key level of support that could act as resistance if tested. The key levels to be mindful of are at 1.22 and 1.20.


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