The USD/CAD pair found little traction north of the 1.3400 resistance, before retreating back towards the 1.3350 locus. The loonie is trading on Friday in the mentioned 1.3350 neighborhood and Terence Wu, FX strategist at OCBC Bank, expects USD/CAD to consolidate within the 1.3300-1.3400 range with a slight upside bias. Key quotes “Downside impetus for the loonie is limited, especially as the commodity complex remains soggy at this point.” “Expect the USD/CAD pair to turn consolidative between 1.3300 and 1.3400, with a slight upside bias going forward.” 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 retreats from over 1-week tops, slides to 105.25-20 region FX Street 2 years The USD/CAD pair found little traction north of the 1.3400 resistance, before retreating back towards the 1.3350 locus. The loonie is trading on Friday in the mentioned 1.3350 neighborhood and Terence Wu, FX strategist at OCBC Bank, expects USD/CAD to consolidate within the 1.3300-1.3400 range with a slight upside bias. Key quotes “Downside impetus for the loonie is limited, especially as the commodity complex remains soggy at this point.” “Expect the USD/CAD pair to turn consolidative between 1.3300 and 1.3400, with a slight upside bias going forward.” 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.
