- USD/CAD touches a fresh weekly high on Friday, though remains below the 100-day SMA.
- Sliding Oil prices undermines the Loonie and lends support amid a modest USD strength.
- A positive risk tone caps the safe-haven buck and caps any further gains for the major.
The USD/CAD pair attracts some buying near the 1.3475 region on Friday and climbs to a fresh weekly high heading into the North American session. The pair is currently placed around the 1.3500 round-figure mark, up for the second straight day, with bulls now awaiting a move beyond the 100-day Simple Moving Average (SMA) before placing fresh bets.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased