USD/CAD is posting mildly losses on Monday, down -0.1% to 1.3190, as the loonie is still locked in the 1.3150-1.3200 range. Terence Wu, FX strategist at OCBC Bank, expects the USD/CAD pair to consolidate within a broader 1.3120-1.3250 range. Key quotes “Little to no traction for the USD/CAD pair on either side of the 1.3150 to 1.3200 range leaves the pair locked in.” “Soft retail sales print weighs on the CAD, but front-end yield differentials are widening in the CAD’s favour.” “Overall, different drivers pulling the loonie in opposite directions, leaving the pair still consolidative within a broader 1.3120 and 1.3250 range.” 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 GBP/USD to fall further over the next few months – HSBC FX Street 1 year USD/CAD is posting mildly losses on Monday, down -0.1% to 1.3190, as the loonie is still locked in the 1.3150-1.3200 range. Terence Wu, FX strategist at OCBC Bank, expects the USD/CAD pair to consolidate within a broader 1.3120-1.3250 range. Key quotes “Little to no traction for the USD/CAD pair on either side of the 1.3150 to 1.3200 range leaves the pair locked in.” “Soft retail sales print weighs on the CAD, but front-end yield differentials are widening in the CAD’s favour.” “Overall, different drivers pulling the loonie in opposite directions, leaving the pair still consolidative within a broader 1.3120 and… Top 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.
