- USD / CAD maintains a firm downtrend, but the dollar regains strength.
- The dollar remains weak but the CAD loses momentum.
- Data from the US and Fed minutes are coming, among others.
USD / CAD closed with a significant loss on Tuesday, and is recovering a small part on Wednesday. The price fell to 1.2624, the lowest price since April 2018 before rebounding to 1.2700, as the dollar recovered in the market.
The loonie is among the currencies linked to commodities, the one that is having the worst performance, possibly affected due to the optimism in the stock markets that most favors the NZD and the AUD.
The dollar remains in negative territory against most currencies on Wednesday, but in the last hour it cut losses, without a particular reason behind. Volatility in some currency crosses increased with these tours.
The operators are expected to continue analyzing what the results of the elections for the US Senate Also on Wednesday will be published the minutes of the last Federal Reserve meeting and the report of private ADP employment.
Technical levels
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