USD/CAD Volatile as Weaker Sentiment Boosts Dollar, Falling Oil Prices Pressure Loonie
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USD/CAD rebounds above 1.3400 as weaker market sentiment boosts the US Dollar while falling oil prices pressure the Canadian Dollar.
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The lackluster market mood and closed US markets lead to choppy, volatile trading conditions.
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Canada's business outlook survey and manufacturing sales data due later could lend some support to CAD.
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From a technical perspective, if USD/CAD breaks above 1.3455 it may continue towards next resistances at 1.3480 and 1.3545.
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Support levels to watch include 1.3375 and 1.3335, while resistance stands at 1.3455 followed by 1.3480.