USD/CAD poised to end the day on the lows
The rally in oil prices along with broad US dollar weakness has sent USD/CAD to the worst levels of the day.
The pair is looking increasingly heavy. It's given back more than 61.8% of the August rally and resistance at 1.2600 held a few times today.
Tuesday's low of 1.2526 is the main level to watch in the day ahead. Whether it gets there will depend on oil and broad US dollar sentiment. In terms of Canada, there isn't anything notable on the economic data calendar or the central banking calendar for the remainder of the week.
