USD/CAD registers another failure to break 50% of Fibonacci retracement, slips below 100-day SMA.
A falling trend line from late-March, 61.8% Fibonacci retracement and 200-day SMA on the bears’ radar.
April month low adds to the upside barrier above 1.3810.
USD/CAD drops to 1.3720, down 0.45% on a
The U.S. dollar turned higher against its major trading partners in the European session on Thursday, as Fed Chair Jerome Powell rejected the likelihood of negative rates to counter unprecedented downturn caused by the COVID-19 pandemic.
Powell joined a list of policymakers on Wednesday to dismiss n
Indian shares opened lower on Wednesday as investors react to the latest developments related to earnings and the coronavirus crisis.
Despite all the stringent measures being taken by the government of India and states, the country has witnessed as many as 3,900 new coronavirus cases on the second d