After the U.S. dollar reversal last week, Canadian dollar has been one of the currencies that have been hit the hardest. Raging wildfires in Alberta have definitely contributed to the rise in USD/CAD as oil prices remain supported.
The pair added more than five cents since Tuesday and is currently trading just below a confluence of the April 18th high, 50 DMA and 1.30 big figure level. 1.30 - 1.3065 (2008 - 2009 highs) seems like a decent sell zone but with current momentum the pair may just sli…
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