USD/CAD touches a high of 1.2884
WTI crude is down under $71.00 and is lower by 1.2% currently, and with buyers in USD/CAD able to hold above the 100-hour MA (red line) in trading today - that's providing a good base for the pair to push higher still.
The loonie is the worst performing major currency as we head into US trading, weighed down by the negative risk appetite in the market, weaker oil prices, and the ongoing uncertainty of a NAFTA deal.
That's a potent enough combo for the moment to at least help the pair move towards a test of the 18 May highs once again - which the pair failed to break above in yesterday's trading.
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