USDCAD has been holding support around 1.3855 in recent weeks as price has drifted below the D1 Ichimoku cloud.
Today there's been a strong drop (-1.4%) as the USD side in particular has been on the move, falling amidst a more positive backdrop for risk assets.
Cloud break not fully confirmed yet but plenty of scope for more downside should this move gain traction.
Today there's been a strong drop (-1.4%) as the USD side in particular has been on the move, falling amidst a more positive backdrop for risk assets.
Cloud break not fully confirmed yet but plenty of scope for more downside should this move gain traction.