Technical analysis: Canadian Dollar trades steady but mixed
The Canadian Dollar (CAD) is getting pushed into the middle on Thursday, trading flat to within a quarter of a percent across the major currency board during the US market session. The CAD sees a meager tenth of a percent gain against the US Dollar (USD). The Japanese Yen (JPY) is down a quarter of a percent against the Canadian Dollar as the market’s worst-performing currency on the day.
The CAD continues to trade within a tight range near the 1.3700 handle against the US Dollar, and the USD/CAD has priced in a near-term price floor near 1.3660. A topside break is hampered by the 200-hour Exponential Moving Average (EMA) at 1.3710, and a heavy supply zone rests just below current price action below 1.3600
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