USD/CAD Moves Higher Despite The Strong Rally In Precious Metals Markets
USD/CAD found support in the 1.3735 – 1.3750 range and is trying to gain additional upside momentum. Rising precious metals markets did not provide sufficient support to Canadian dollar in today’s trading session.
If USD/CAD stays above the 1.3750 level, it will head towards the 50 MA at 1.3821. RSI is in the moderate territory, and there is plenty of room to gain momentum in the near term.
