USD/CAD Tumbles as Support Levels Come Under Threat Amidst Strong Oil Prices and Divergent Central Bank Policies
USD/CAD is under increasing downward pressure as it breaks key support levels near 1.3700 and 1.3645. Rising oil prices, a dovish Bank of Canada, and cautious Fed signaling are driving loonie strength. Traders should watch 1.3570 as the next critical support zone.
