Market Commentary and Intraday News
Canadian Dollar Slides To Nearly 3-month Low Against Greenback
204 days ago
(RTTNews) - The Canadian dollar extended yesterday's downtrend against its US counterpart on Tuesday morning in Asia, falling as low as 1.0020, its lowest level since August 6.
The loonie is expected to extend its decline as the USD/CAD pair is approaching the 50.0 percent retracement target at 1.0040 with the RSI and EMAs pointing bullish for the pair.
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