Home Analysis USD/CAD traded marginally higher in this week

USD/CAD traded marginally higher in this week

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USDCAD traded marginally higher in this week - forexspacex.com

The financial markets experienced high volatility in this week due to the Russia-Ukraine crisis. As a result, USD/CAD bounced off from the major support level at the 1.2700 mark at the beginning of this week amid the rising demand for safe-haven assets. The better-than-expected U.S. Non-Farm Payrolls reports released on Friday provided an additional boost to the US dollar. Consequently, USD/CAD posted a strong buying presence and tested the next immediate resistance level at the 1.28000 mark before the pullback.

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