USD/CAD Reversal Sparks Hope for Yearly Uptrend
The Canadian dollar has seen a significant weekly reversal in its trend against the US dollar, potentially putting its yearly uptrend back into focus.
This shift occurred after a bearish run during which USD/CAD touched highs of 1.3379 on August 23rd but dropped to lows of 1.2952 by September 5th.
With this reversal in mind, analysts are closely watching the currency pair's performance as it may signal the return of its yearly uptrend.