Today News: USD/CAD [17 Nov 2021] - FXsources

Loonie Weakens as Greenback
Hovers Near 16-Month High

The Canadian dollar weakened

against its U.S. counterpart

Canadian Dollar Technical
Analysis: USD/CAD

The Canadian Dollar’s weak November has continued

in some places, but has reversed course in others.

Bulls again flirt with 200-day
EMA around 1.2550

USD/CAD holds onto the bounce off 1.2490-2500 support

confluence around the weekly top of 1.2568

USD/CAD to drop considerably towards
1.21 in the new few months

USD/CAD advanced strongly last week to reach

the 1.26 area before turning lower Friday.

Canadian Dollar (CAD) Strength Underpinned
by Rate Hike Expectations

Bank of Canada (BoC) governor Tiff Macklem suggested

article yesterday that interest rate hikes are getting

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