USD/CAD Gains Ground As Canada’s Inflation Rate Falls To 2.3%
USD/CAD gains ground as traders focus on Canada’s inflation data. Inflation Rate declined from 2.6% in February to 2.3% in March, compared to analyst forecast of 2.6%.
A successful test of the resistance at 1.3930 – 1.3950 will push USD/CAD towards the next resistance level at 1.4060 – 1.4080.
USD/CAD 160425 4h Chart
