USD/CAD Extends Decline Below 1.4000 as Bears Eye 200-Day SMA
USD/CAD is trading around 1.3877 on Friday, extending its move below 1.4000 and heading for a third consecutive weekly loss as sellers target the 200-day SMA.
USDCAD
USD/CAD is trading around 1.3877 on Friday after extending its decline below the 1.4000 level. The pair is heading for a third straight weekly loss.
Sellers are targeting the 200-day simple moving average as the next downside reference.
- Current price: ~1.3877
- Weekly trend: third consecutive decline
- Next downside focus: 200-day SMA
Source: FXStreet Forex News