The Canadian Dollar (CAD) rose into a third consecutive day of gains against the US Dollar as Thursday markets grind away quietly.
Canadian Dollar stretched into a third day of gains against the Greenback. Canada is absent from the economic calendar on Thursday. US markets are also shuttered for the holiday, leaving a lull in market volume. The Canadian Dollar rose into a third consecutive day of gains against the US Dollar as Thursday markets grind away quietly. A lack of notable data has left both the CAD and the USD adrift, giving market participants a breather before Friday’s heady US Nonfarm Payrolls jobs data dump.
Daily candles have collected a significant amount of bearish pressure from a supply zone baked in above 1.2750, and USD/CAD bids are getting squeezed into a high-pressure zone just above long-term moving averages.
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