USD CAD posting slight gains
12/7/2016 1:20:20 PM
The dollar is trading on a better mood on Wednesday, now provoking USD/CAD to post slight gains around 1.3295 ahead of the opening bell in Euro land.
Spot is now progressing for the second session in a row, looking to prolong the rebounding Monday’s lows near 1.3230 against the backdrop of a renewed bid tone nearby the dollar.
According to writing the pair is up 0.08% at 1.3287 facing the next obstacle at 1.3315 followed by 1.3363 and then 1.3477. On the other hand, a break of 1.3235 would open the door to 1.3200 and ultimately 1.3068.
Fundamental Analysis
Written by FxErvin
