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USD/CAD consolidating around 1.3000 with bulls capped at 1.3030

1 month ago   |   By FXCM

USD/CAD consolidates losses at 1.3000 area.
The Canadian dollar edges down with oil prices pulling back from eight-month highs.
The pair remains at a short distance of two-year lows at 1.2930.
The US dollar has edged up for the second consecutive day on Thursday although the pair remains unable to surpass the 1.3025/30 resistance area. The pair is trading practically flat around 1.3000 in a thin market session amid the US Thanksgiving holiday.
CAD loses steam as oil prices retreat
The mild USD recovery has been supported by the bearish correction on oil prices. The price of the WTI barrel...
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