USD/CAD stays pressured near 1.3525, down 0.17% on Monday, as the pair could extend its slump slowly through the summer due to fading USD risk-premium as Canadian and US statistics improve, FXStreet’s analyst Joseph Trevisani informs. Key quotes “With the caseload largely in the US, it is possible, should shutdowns reoccur, that the greenback will be singled out for impact rather than boosted in a generalized return to risk-aversion.” “While cases are rising in many US states, fatalities are not and hospitalizations remain with operational limits. The impact of this round of infections seems to be quite different than the initial surge in April and May but it will yet take a few weeks to see if the apparently less dangerous profile is accurate.” “Unless the virus data changes the USD/CAD will likely continue its slow summer decline.” “Initial support is at 1.3500 with resistance at 1.3630.” 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 Bitcoin Cash Price Analysis: BCH/USD gains nearly 3% on Monday, targets at $230.00 FX Street 3 years USD/CAD stays pressured near 1.3525, down 0.17% on Monday, as the pair could extend its slump slowly through the summer due to fading USD risk-premium as Canadian and US statistics improve, FXStreet’s analyst Joseph Trevisani informs. Key quotes “With the caseload largely in the US, it is possible, should shutdowns reoccur, that the greenback will be singled out for impact rather than boosted in a generalized return to risk-aversion.” “While cases are rising in many US states, fatalities are not and hospitalizations remain with operational limits. The impact of this round of infections seems to be quite different than the… 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.
