USDCAD Chart Technical Outlook

USDCAD Chart Technical Outlook oscillates in a range near a multi-week high, bullish Oil prices seem to cap the upside. USD/CAD continues to draw support from diminishing odds for more rate hikes by the BoC.
Hawkish Fed expectations, elevated US bond yields and a weaker risk tone benefit the USD.
Bullish Crude Oil prices underpin the Loonie and keep a lid on any further gains for the major.

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