USD/CAD: 21-day EMA defends bears’ attacks on 1.3600
USD/CAD remains depressed despite the latest bounce off 1.3595. The loonie pair remains on the back foot for the second day while testing 21-day EMA. The quote earlier refreshed the monthly high to 1.3646 on Tuesday but failed to cross 50-day EMA.
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SPECIAL WEEKLY FORECAST
The USD/CAD saw its second weekly rise in June as rising virus cases in the US and elsewhere prompted a return to the dollar and a moderate risk-premium.