USD/CAD Price Analysis: Bears are attempting to move in, 1.3720 is key USDCAD Technical Analysis
said that the Fed is prepared to increase the pace of rate hikes if data indicates it is warranted:
As a consequence, the yield on the US 10-year Treasury note rose to 4% before easing back to 3.96%, remaining marginally below the three-month high of 4.07% touched on March 2nd as investors assessed the pace of future rate hikes by the Federal Reserve. This gave the greenback a boost and USD/CAD remains better bid as the following illustrates:The daily charts show that the price is well and truly front side of the bullish move and there is room to go still.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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