Canadian Dollar remains depressed vs firmer USD; rising Oil prices limit further losses
The USD/CAD pair attracts some dip-buying following Friday's late pullback from the vicinity of the 100-day Simple Moving Average (SMA) and climbs back closer to the 1.3700 during the Asian session on Monday.
The Canadian Dollar may continue to face pressure against the USD due to the stronger dollar and rising oil prices. However, the support near the 100-day SMA could limit further losses in the CAD.
The USD/CAD pair attracts some dip-buying following Friday's late pullback from the vicinity of the 100-day Simple Moving Average (SMA) and climbs back closer to the 1.3700 during the Asian session on Monday.
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