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USD/CAD losing ground

FXstreet.com (London) - USD/CAD has lost ground since the dollar’s subsequent gains yesterday when a surprise uptick in Consumer Confidence and higher US treasuries lead the pair to 1.0422 highs.

The pair had slipped quite abruptly off the overnight high within the broader uptrend. At time of writing the pair is dropping in the European session to print session lows of 103.58 as the dollar slips across the board. BoC today and Carneys last appearance before the BoE job and is expected to leave things unchanged.
1.0340/60 comes as initial support then 1.0310.

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