The USD/CAD pair trades back and forth near the round-level resistance of 1.3700 in the European session. The Loonie asset struggles for a decisive mo
The Canadian Dollar remains on the backfoot due to declining oil prices.pair trades back and forth near the round-level resistance of 1.3700 in the European session. The Loonie asset struggles for a decisive move as investors await theAs per the estimates, the US laborforce recorded fresh additions of 156K private payrolls, lower than 177K in August. TheWhile the USD Index is correcting, the USD/CAD pair is trading back and forth, which indicates a weak Canadian Dollar.
A decisive break above October 3 high at 1.3736 would expose the asset to March 24 high around 1.3800, followed by March 10 high at 1.3860. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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