Today News: USD/CAD [30 Oct 2021] - FXsources


USD/CAD spikes to 1.2400 neighborhood

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
 


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The Dollar Rises as Momentum Turns Positive

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 
 


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Entering into a wave five lower 

Short-term Elliott wave view in USDCAD suggests that

the decline from September 20, 2021
 


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USD/CAD Is On the Sidelines But indicators
Suggest Bullish Action

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
 


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Canadian Dollar Maintains Bullish Bias

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 
 


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