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USD/CAD Bounces Off 2-Week Lows as Trade Tensions Calm
The USD/CAD currency pair bounced off the current 2-week lows of about 1.3225 on Tuesday as trade tensions between the US and China cooled off amid positive dialogue. The currency pair is now trading at about 1.3277 and looks set to retest 1.3300 before the end of the week if the positive sentiment continues to resonate among traders. Before last week’s late pullback, the pair was trading in a consolidative triangle formation but with positivity returning to the market, it could return within the boundaries of that triangle soon. USD/CAD Fundamentals Overview From a fundamental perspective, the USD/CAD currency ... (full story)