US Dollar vs Canadian Dollar: Markets continued to take on risk overnight as equities and commodities surged higher. The Loonie strengthened to 1.0412 overnight its strongest level in a month. With equities and commodities looking to find further support in the US session today Traders are looking for the USD/CAD to slip below 1.04. The Fed will be releasing their meeting minutes today which should provide additional volatility to the pairing.
- I expect a trading range of 1.0400 and 1.0500.
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