USD/CAD Trades With Positive Bias Above 1.4000, Looks To Canadian CPI For Fresh Impetus
November 19, 2024 at 07:44 AM EST
USD/CAD holds above 1.4000 and draws support from a combination of factors. Bearish Crude Oil prices undermine the Loonie and act as a tailwind for the pair. The emergence of fresh USD buying favors bulls ahead of the Canadian CPI print.
