Quantcast

USD/CAD capped at 1.0537 weekly highs

FXstreet.com (Chicago) – USD/CAD has soared 0.46% throughout Thursday’s session as the American trading journey continues to advance. The pair reached 1.0537 weekly highs (double top with August 26th highs), confirming consolidation above 1.05 zone.

Bullish Momentum

Price action reveals bullish sentiment in the American stock markets with the Dow up 0.33%, the Nasdaq higher 0.96% and the S&P 500 accumulating 0.47% gains so far. Bank reports by Barclays and the RBC indicate a modest/strong strengthening of the greenback this month confirmed by the greenback’s current performance with the US dollar index at 81.9628, up 0.69%. Gold and oil are declining, …read more