USD/CAD Retreats As Gold Tests New Highs

usd_cad_forex_USD/CAD declined towards the 1.3600 level amid rising demand for commodity-related currencies.

USD/CAD moved lower as demand for commodity-related currencies increased. Gold and silver markets tested new highs, which was bullish for the Canadian dollar.

In case USD/CAD declines below the 1.3600 level, it will head towards the support level at 1.3550 – 1.3565.

USD/CAD

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