Today News: USD/CAD [17 Nov 2021] - FXsources

Loonie Weakens as Greenback
Hovers Near 16-Month High

The Canadian dollar weakened

against its U.S. counterpart 

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Canadian Dollar Technical
Analysis: USD/CAD

The Canadian Dollar’s weak November has continued

in some places, but has reversed course in others. 

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Bulls again flirt with 200-day
EMA around 1.2550

USD/CAD holds onto the bounce off 1.2490-2500 support

confluence around the weekly top of 1.2568

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USD/CAD to drop considerably towards
1.21 in the new few months

USD/CAD advanced strongly last week to reach

the 1.26 area before turning lower Friday.

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Canadian Dollar (CAD) Strength Underpinned
by Rate Hike Expectations

Bank of Canada (BoC) governor Tiff Macklem suggested

article yesterday that interest rate hikes are getting

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