Today News: USD/CAD [2 Nov 2021] - Dailyforextrading.net

USD/CAD remains confined in a range
below 1.2400 mark

The USD/CAD pair lacked any firm directional bias on
Monday and remained confined in a
narrow trading band

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Passes SMAs

At mid-day on Friday, the USD/CAD currency exchange rate passed
the resistance of the 55 and 200-hour simple
moving averages near 1.2360.

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USD/CAD breaks below 1.2400 on good Canadian Manufacturing PMI ahead risk events

The USD/CAD slides during the New York session, down 0.27%,
trading at 1.2356 at the time of writing. A risk-on
market mood,alongside rising crude oil prices

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Canadian Dollar Steady

The Canadian dollar is rangebound but with a modestly bullish
bias. Traders are slowlyforgetting their disappointment
from Friday’s weaker-than

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Choppy Sideways Consolidation

The US dollar rallied just a bit on Friday, but as you can
see, the Canadian dollar still has a bit
of strength attached to it.

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Choppy Sideways Consolidation

The US dollar rallied just a bit on Friday, but as
you can see, the Canadian dollar still has a
bit of strength attached to it

Continue reading with DailyFx...