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Data prints coming out of the US may fuel the recent advance in USD/CAD as the Consumer Price Index (CPI) is expected to increase for the sixth consecutive month.
The recent advance in AUD/USD may generate an overbought reading in the Relative Strength Index (RSI) as it clears the opening rage for 2022.
Fagile market sentiment due to the Ukraine war may bolster USD/CAD in the coming days despite decade-high oil prices, but any de-escalation of the crisis will be bullish for the Canadian dollar.
FX markets have been volatile but largely contained. AUD/USD presents a range trading opportunity as risky assets come under pressure
USD/CAD could move lower in the coming days if market sentiment around the Russia-Ukraine crisis improves, and Bank of Canada delivers a hawkish interest rate hike at its March meeting.