USD/CAD is moving higher as traders react to the sell-off in commodity markets. Other commodity-related currencies have also found themselves under pressure in today’s trading session.
The nearest resistance level for USD/CAD is located in the 1.4330 – 1.4350 range. If USD/CAD climbs above the 1.4350 level, it will head towards the next resistance level at 1.4485 – 1.4500.