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May,18 - USD/CAD met with some fresh supply on Monday

The USD/CAD pair traded with a mild negative bias

 

usd cad18052020through the early European session and was last seen trading near the lower end of its daily trading range, around the 1.4070-65 region.

The pair failed to capitalize on the previous session's goodish intraday positive move of nearly 100 pips and met with some fresh supply on the first day of a new trading week. The downtick was sponsored by a goodish pickup in crude oil prices and a subdued US dollar price action.

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