USD/CAD gained ground amid falling demand for commodity-related currencies

Recommended Broker

USD/CAD Gains Ground As Demand For Commodity-Related Currencies Declines

USD/CAD is moving higher as traders focus on the pullback in precious metals markets. Other commodity-related currencies have also found themselves under pressure in today’s trading session.

A move above the 50 MA at 1.4248 will push USD/CAD towards the resistance level at 1.4330 – 1.4350.

---