USD/CAD Rally Tests Key Resistance
The Canadian Dollar's short-term outlook is being challenged by a six-day rally in the USD/CAD currency pair, which has reached pivotal resistance.
According to StoneX Financial Pte. Ltd., a Singapore-based financial services firm, the rally has pushed the USD/CAD above key levels and could potentially lead to further gains.
The Monetary Authority of Singapore regulates StoneX Financial Pte. Ltd., which offers dealing services in Contracts for Differences (CFDs) through FOREX.com.