Loonie goes on a tear to kick the week off, pushing an opening gap further wide. Expectations of a successful NAFTA rework are seeing CAD bulls pile into markets. The USD/CAD has tumbled into 1.2820, with the week’s opening gap from 1.2910 steepening the decline as headlines begin to cross wires that Canada and the US may have reached an agreement on NAFTA after months of stalled talks. US and Canadian trade negotiators hammered out the finer details of a NAFTA rework over the weekend, ahead of the US’ self-imposed deadline of midnight Sunday (04:00 GMT). While no official joint statements are immediately forthcoming, word is coming from anonymous sources that a final deal is being inked, and the CAD has rebounded even before word of a final deal began to surface, with CAD lurching forward  against the US Dollar as repeated announcements that the two sides were “close” to reaching a deal continued to leak out over the weekend, and Monday sees the CAD in a firmly bullish stance as traders anticipate a successful rework of NAFTA. USD/CAD levels to watch The USD/CAD pairing is now trading back underneath the 200-day EMA at 1.2870, and the Loonie is trading at a four-month high against the Greenback, and the next major support level is seen at 1.2730 near May’s swing lows.  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 Canada, US reach outline of NAFTA deal – Globe & Mail FX Street 4 years Loonie goes on a tear to kick the week off, pushing an opening gap further wide. Expectations of a successful NAFTA rework are seeing CAD bulls pile into markets. The USD/CAD has tumbled into 1.2820, with the week's opening gap from 1.2910 steepening the decline as headlines begin to cross wires that Canada and the US may have reached an agreement on NAFTA after months of stalled talks. US and Canadian trade negotiators hammered out the finer details of a NAFTA rework over the weekend, ahead of the US' self-imposed deadline of midnight Sunday (04:00 GMT). While no official joint… 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.
