USD/CAD Is Mostly Flat Amid Profit-Taking
USD/CAD Is Mostly Flat Amid Profit-Taking
USD/CAD moved away from recent highs as traders took some profits off the table after the rally. Other commodity-related currencies moved lower in today’s trading session.
The nearest support level for USD/CAD is located in the 1.3845 – 1.3860 range. A move below the 1.3845 level will push USD/CAD towards the 50 MA at 1.3797.
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