USD/CAD tested the 1.3800 level but lost momentum and climbed towards 1.3820.
USD/CAD found support at 1.3800 – 1.3820 and is trying to rebound as traders focus on the strong pullback in the oil markets. Other commodity-related currencies gained upside momentum in today’s trading session.
If USD/CAD settles above the 1.3820 level, it will move towards the nearest resistance, which is located in the 1.3930 – 1.3950 range.
USD/CAD 220425 4h Chart
