USD/CAD extends losses below 1.4000 and hits session lows near 1.3900.
Better than expected Canadian employment data and higher oil prices supporting CAD.
FX analysts at TD Securities see the USD/CAD vulnerable while below 1.4000.
The USD/CAD maintains its negative bias for the second consecutive
EUR/USD’s strong rebound last week suggests that corrective pattern from 1.0635 has started the third leg. Initial bias remains on the upside this week for 1.1147 resistance. But strong resistance should be seen from 61.8% retracement of 1.1496 to 1.0635 at 1.1167 to limit upside. On the downside, b