USD/CAD pulled back below 1.3750 amid rising demand for commodity-related currencies.
USD/CAD is losing ground as traders focus on the strong rally in precious metals markets. Other commodity-related currencies are also moving higher in today’s trading session.
In case USD/CAD manages to settle below the support at 1.3735 – 1.3750, it will move towards the next support level at 1.3635 – 1.3650.
