USD/CAD Moves Higher Amid Falling Demand For Commodity-Related Currencies

usd_cad_news_prognozUSD/CAD climbed towards the 1.3900 level as demand for commodity-related currencies declined.

USD/CAD gains ground as traders focus on the pullback in precious metals markets. Other commodity-related currencies have also found themselves under pressure.

A move above the resistance at 1.3910 – 1.3925 will open the way to the test of the next resistance level at 1.4000 – 1.4015.

USD/CAD

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