May 7, 2026
USD/CAD Price Forecast: Edges higher above 1.3600, but bearish bias persists below 100-day EMA
The USD/CAD pair trades with mild gains around 1.3635 during the early European trading hours on Thursday. Hopes for a US-Iran peace deal to end the war drag crude oil prices lower, weighing on the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD).
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