USDCAD trades to the highest level since July 15

Aug 23, 2022
USDCAD trades to the highest level since July 15

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The USDCAD on the day by day chart has admittedly been sloppy. There are plenty of strikes greater and strikes decrease on the day by day chart going again to October 2021.

Within the brief time period, nonetheless, the worth of the USDCAD has been up 5 of the final 6 buying and selling days. Value motion is extra trending, or is it?

The value is approaching topside swing ranges between 1.3076 to 1.3092. That space will probably be eyed for the subsequent clues for that pair. Transfer above is extra bullish. Keep beneath could preserve the sloppiness nonetheless in play. Oil is a wildcard which might trigger extra volatility too.

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