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TODAY NEWS: USD/CAD [16 NOV 2021] - DAILYFOREXTRADING.NET

 



USD/CAD struggles around
1.2500 on sluggish oil

USD/CAD bears take a breather after a two-day
downtrend, taking rounds to 1.2510
during Tuesday’s Asian session.

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USD/CAD Rate Susceptible to Larger
Pullback on Strong Canada CPI

USD/CAD continues to pullback from a
fresh monthly high (1.2605) on the
back of US Dollar weakness

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Declines below support levels

The USD/CAD currency exchange rate ended
its sideways trading on Friday at noon.
By the middle of Monday's trading

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The 61.8% golden ratio could
come under pressure

The price of USD/CAD has so far corrected to
test the 38.2% Fibonacci retracement
and on towards the 50%

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US Dollar Technical Setups: USD/CAD

Last week’s US Dollar breakout has already stretched
into initial levels resistance targets with
the technicals on the USD Majors 

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