USDCAD has reached new lows as investors reconsider the Fed's monetary policy decision in light of Friday's disappointing NFP report. The latest jobs report dealt a blow to the US dollar by falling below analysts' expectations, which increased the likelihood of the Fed toning down its hawkish rhetoric.USDCAD is now exposed as intense selling pressure could see its price hit 1.3583 support which could invite some bids
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.