FXstreet.com (Barcelona) - After falling around 65 pips from 1.2146 to 1.2083 last week, the USD/CAD has lost its initials profits to rise just 0.02% from today's opening price at 1.2082.
Currently, the pair is trading around 1.2085/95.
Yesterday, USD/CAD rose 0.32% from the opening price at 1.2044, reaching 1.2147 as maximum and 1.1982 as minimum, to close the day at 1.2083.
Rajoo C, analyst at Precise Trader, comments about the pair: USDCAD closed above the open.Fed Chairman Speaks.Last hour was an Up close but was within a range, expect the market to be in a range during Asian Trading Time.The hourly Osc are mixed with turning bullish so cautious trading is needed. Hourly Trend is Sideways and Daily Trend is Sideways Down ,expect the price to be choppy. We prefer to be Sidelined until the clear break or trade only at our levels.
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