Buyers in the USDCAD held support. Price moves back higher ...Middle East

The USDCAD experienced a decline in the European and early North American sessions but rebounded strongly after testing support near 1.3813, its earlier weekly floor. This upward swing has brought the pair back to the swing area between 1.38337 and 1.38475, with the price momentarily reaching 1.3852 and encountering resistance.Currently, buyers are in control, and breaking above 1.38475 could propel the USDCAD toward 1.3864 and 1.3888. If the pair surpasses 1.3888, the next target will be the August high of 1.39458.Canada's political instability, potentially leading to an election, is contributing to the CAD's weakness. Additionally, reports of reduced immigration may negatively impact growt

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Last updated : 24 October 2024 clock 06:44 PM

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Buyers in the USDCAD held support. Price moves back higher ...Middle East

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