USD/CAD tested new highs as traders focused on the trade war between the U.S. and Canada.
USD/CAD Tests New Highs
USD/CAD gains ground as traders stay focused on the tariff drama. Ontario has raised power prices by 25% for Michigan, New York, and Minnesota, raising worries about the continuation of the trade war.
In case USD/CAD settles above the 1.4450 level, it will move towards the nearest resistance level at 1.4485 – 1.4500.
