USD/CAD: Downside arrested – OCBC

Terence Wu, an FX strategist at OCBC Bank, analyzes the USD/CAD pair amid softer crude prices.

Key quotes

“Renewed downside pressure on the crude complex may have caused the USD/CAD to arrest its downside move for now.”

“Expect the 1.4000 level to re-enter as a support level, with 1.4300 serving as a cap.”