02.07.2020 USD/CAD Daily Analysis
The USD/CAD pair quickly retreated around 25-30 pips from session tops and dropped to the lower end of its daily range, around the 1.3585-80 region.
Yayınlanma: 2 Temmuz 2020 19:07
Güncellenme: 16 Nisan 2024 01:46
02.07.2020 USD/CAD Daily Analysis
The USD/CAD pair quickly retreated around 25-30 pips from session tops and dropped to the lower end of its daily range, around the 1.3585-80 region. A combination of factors failed to assist the pair to capitalize on the Asian session uptick to levels beyond the 1.3600 round-figure mark, rather prompted some selling. The USD/CAD pair, for now, seems to have stalled its modest recovery attempt from one-week lows set on Wednesday. The US dollar remained depressed through the early half of Thursday's trading The action amid the latest optimism over yet another positive results from the early- stage human trial for a COVID-19 vaccine. This coupled with sliding US Treasury bond yields further undermined the greenback.
