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USD/CAD Recovers Earlier Losses

M. Ali 24 August, 2020 7:57 pm Forex Market, Market Update

The Canadian Dollar (CAD) has been appreciating against the US Dollar (USD) for the past six weeks, however, the USD/CAD is recovering some of its earlier losses.

After dropping earlier today to its lowest level since January, the pair is currently trading at 1.3224, up by 0.36% for the day.

However, the Dollar Index (DXY) remains down by 0.04%.

Support Levels: 1.3154 – 1.3119 – 1.3079

Resistance Levels: 1.3229 – 1.3269 – 1.3304

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