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USD/CAD Faces Downside Pressure as Economic Indicators Disappoint

2023-11-03 17:29:54.042000

The USD/CAD pair is under strong downside pressure as economic indicators come in worse than expected [33a1a6b4]. Technically, the pair has dropped within a down channel pattern and has reached a critical support level [33a1a6b4]. The article also mentions the bullish momentum of EUR/USD, GBP/USD, and gold, as well as the disappointing October jobs report in the US [33a1a6b4]. The NFP data is expected to drive volatility in Bitcoin and altcoins [33a1a6b4]. Equities climbed higher during the week [33a1a6b4].

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