The Canadian Dollar (CAD) broadly retreated on Monday, as Canadian markets were dark for the Canada Day long weekend.
Canadian Dollar sheds half of a percent against the Greenback. Canada Day holiday leaves CAD markets in the dark for Monday. Canadian data remains limited this week until NFP Friday. The Canadian Dollar broadly retreated on Monday, as Canadian markets were dark for the Canada Day long weekend. CAD traders will be returning to the fold on Tuesday just in time for a fresh print of Canadian S&P Global Manufacturing Purchasing Managers Index figures.
Daily candlesticks continue to find a foothold above the 50-day EMA at 1.3679, but bidding pressure will still need to gather enough steam to break north of June’s peak bids just shy of the 1.3800 handle.
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