USD/CAD goes from four-week low to four-day high
USD/CAD failed today to break the July lows for the second day. I wrote about the nearby support yesterday after the fourth day of declines.
The outside reversal today underscores the nearby support and potential for further gains. The US dollar is showing signs of life right across the board and oil is struggling.
It's an impressive turnaround after the US dollar looked dead-and-buried on Friday.
