USD/CAD Price Falls Further, Multi-Year Low Nears
USD/CAD Price Falls Further, Multi-Year Low Nears 2021-05-10 10:33:00 Nick Cawley, Strategist Canadian Dollar Price (USD/CAD), News, and Analysis: The ongoing weakness in USD/CAD continues with last Friday’s unexpectedly weak US NFPs the latest driver of a push lower. The technical outlook for the pair has been weak for some months now, as I highlighted one month ago, and while the pair look oversold, support levels are increasingly difficult to highlight. Apart from the US Jobs Report, the Loonie is being helped higher by a strong oil market where a cyber-attack on a major US oil pipeline...