The Canadian Dollar remains well supported by Wednesday’s BoC statement. The USD fails to gain respite from upbeat ADP report/surging US bond yields. Positive Oil prices further weighed ahead of US ISM non-manufacturing PMI. The USD/CAD pair traded with a mild negative bias through the early North-American session on Thursday, albeit managed to recover few pips from lows post-US ADP report. The pair added to the previous session’s BoC-led heavy losses and remained under some selling pressure for the second consecutive session on Thursday, extending this week’s retracement sharp slide from 2-1/2 month tops. The pair momentarily slipped below the 1.3200 handle, hitting over three-week lows, but managed to find some support around 50-day SMA, though a combination of negative factors held bullish traders on the back-foot. Upbeat ADP report fails to lift the USD The US Dollar failed to benefit from a strong intraday upsurge in the US Treasury bond yields and also shrugged off better-than-expected US ADP report, showing that private-sector employers added 195K jobs in August. Meanwhile, a positive trading sentiment around Crude Oil prices continued underpinning the commodity-linked currency – Loonie, which remained well supported by Wednesday’s not at all dovish BoC policy statement. Moving ahead, Thursday’s US economic docket also features the release of ISM non-manufacturing PMI, which might influence the USD price dynamics and collaborate towards producing some short-term opportunities. Technical levels to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY: Multi-week risks remain below 105 – Westpac FX Street 4 years The Canadian Dollar remains well supported by Wednesday's BoC statement. The USD fails to gain respite from upbeat ADP report/surging US bond yields. Positive Oil prices further weighed ahead of US ISM non-manufacturing PMI. The USD/CAD pair traded with a mild negative bias through the early North-American session on Thursday, albeit managed to recover few pips from lows post-US ADP report. The pair added to the previous session's BoC-led heavy losses and remained under some selling pressure for the second consecutive session on Thursday, extending this week's retracement sharp slide from 2-1/2 month tops. The pair momentarily slipped… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.