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usdcad

USD/CAD, supported by a combination of various factors.

The rapid movement of the USD/CAD pair continued until the beginning of the European session,


usdcad marketand now it is at the top of the daily trading range, just above the middle of 1.3200.

Due to a combination of support factors, the pair managed to catch some fresh bids on Tuesday and breakthrough two days of losing streak in a row. The USD/CAD was supported by a combination of factors. The constant concern about the economic consequences of the Coronavirus outbreak put some pressure on the crude oil prices, which undermined the demand for the raw currency, the Canadian dollar - and was considered as one of the key factors that pushed the pair up on Tuesday.

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