USD/CAD moved towards the 1.4000 level amid falling demand for commodity-related currencies.
USD/CAD is moving higher as traders react to the pullback in precious metals markets. Other commodity-related currencies are also losing ground in today’s trading session.
In case USD/CAD climbs above the 1.4000 level, it will move towards the next resistance level at 1.4060 – 1.4080.
