USD/CAD nears test of the 1.4000 level on weaker oil prices, softer risk mood

BY admin admin

USD/CAD is up by over 100 pips today, moving back towards 1.4000
ForexLive
The notable thing about the rise in the pair today is that price has broken back above its 100-hour MA (red line) and buyers are now looking for a test of the 1.4000 level as well as the 200-hour MA (blue line) @ 1.4012.

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