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- A combination of supporting factors lifts USD/CAD to a four-day high on Wednesday.
- Tumbling Oil prices undermines the Loonie and acts as a tailwind amid a stronger USD.
- Acceptance above the 200-day SMA supports prospects for additional intraday gains.
The USD/CAD pair catches fresh bids on Wednesday and climbs to a four-day high, around the 1.3425 region during the first half of the European session. Spot prices, for now, seem to have found acceptance above a technically significant 200-day Simple Moving Average (SMA) and draw support from a combination of factors.
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