The Canadian Dollar (CAD) went sideways on Monday, finding some gains against the Antipodeans but shedding further weight against the US Dollar.
The Canadian Dollar went in both directions on quiet Monday. Canada has another rate call looming ahead on Wednesday. A tepid start to the trading week leaves CAD traders to tread water. The Canadian Dollar went sideways on Monday, finding some gains against the Antipodeans but shedding further weight against the US Dollar.
3700 handle. The pair has closed bullish for all but one of the last seven consecutive trading days, and is set to chalk in day number eight as bidders grapple with 1.3750. Daily candlesticks found bullish support at the 200-day Exponential Moving Average at 1.3597 after a dip below 1.3600 in mid-July. Despite a firm bullish recovery, bidding action is running aground of a supply zone priced in just above 1.3750.
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