USD/CAD Rebounds Above 1.4050 as Hawkish Fed Lifts Dollar
The pair holds a constructive tone above the 100-day SMA amid renewed USD strength.
USDCAD
USD/CAD pushed into positive territory early Thursday in Europe, trading near 1.4050. The U.S. dollar firmed broadly against its Canadian counterpart after hawkish signals from the Federal Reserve.
Technically, the outlook remains constructive as long as price stays above the 100-day simple moving average. The rebound from recent lows reinforces that support level.
Source: FXStreet Forex News