USD/CAD was stuck near the support level at 1.4180 – 1.4200

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USD/CAD Is Stuck Near 1.4200 As Canada’s Core Inflation Rate Rises To 2.1%

USD/CAD is mostly flat after the release of inflation data from Canada. Inflation Rate increased from 1.8% in December to 1.9% in January, while Core Inflation Rate grew from 1.8% to 2.1%.

In case USD/CAD settles above the 1.4200 level, it will move towards the 50 MA at 1.4262.

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