USD/CAD gained ground amid falling demand for commodity-related currencies.
USD/CAD tested new highs despite the continuation of the rally in the oil markets. Other commodity-related currencies have also found themselves under pressure in today’s trading session.
If USD/CAD settles above the resistance level at 1.3735 – 1.3750, it will head towards the next resistance, which is located in the 1.3845 – 1.3860 range.
