USD/CAD remains well-supported this morning, underpinned bu tumbling commodity prices on fears sustainable global demand won’t materialize any time soon. Prices have reached 1.1546 so far and have the 38.2% Fibo retracement of the 1.3063/1.0787 decline in sight. That retracement comes in at 1.1656.
1.1510 is providing support for USD/CAD on pullbacks near-term.
