USD/CAD moved away from recent highs amid profit-taking

news_22_feb_cad_usd_1USD/CAD Pulled Back From Recent Highs

USD/CAD moved away from recent highs as traders took some profits off the table after the rally. However, U.S. tariffs on Canada may put additional pressure on the Canadian dollar in the upcoming trading sessions.

If USD/CAD settles above the 1.4450 level, it will get to the test of the resistance at 1.4485 – 1.4500.

USD/CAD

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