USD/CAD drops back to 50% retracement

Author: Adam Button | Category: News

USD/CAD didn’t even make a serious run at yesterday’s 1.0019 high after the disappointing (albeit dated) GDP figures today.

The pair has retreated to the 50% retracement at 0.9987 with the 0.9980 (61.8%) level as a key metric in the lead-up to the Canadian and US employment reports on Friday.