USD/CAD Pair Continues Bearish Trend Below 1.3650, Eyes on US PPI Data Outcome
Thursday, 11 July 2024, 23:03
USD/CAD Pair - Bearish Trend Below 1.3650
Key Points:
- Trading: USD/CAD pair with bearish bias
- Levels: Below 1.3650, bounced off 1.3588 lows
- Upcoming Event: US PPI data anticipation
The USD/CAD pair is maintaining a downward trajectory below the significant level of 1.3650 after a rebound from recent lows. Investors are keen on the US PPI data release to assess market conditions and potential price fluctuations. The market sentiment remains cautious following the bounce off the two-month lows, suggesting a wait-and-see approach among traders for clearer market cues.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.