The USD/CAD pair shot to fresh daily tops during the early North American session, with bulls making a fresh attempt to conquer the 1.2400 |
The USD/CAD moved higher as the dollar gained against most major currencies. The move in the dollar comes as yields in Canada edge lower |
Short-term Elliott wave view in USDCAD suggests that the decline from September 20, 2021 |
Technically, the MACD oscillator is jumping above its trigger line, holding well below the zero level, while the RSI is pointing marginally up in the negative |
The Canadian dollar is trading with a modestly bullish bias on the last trading day of October. The price action is being dictated by events and data |