USD/CAD falls to fresh low since 2018 as risk trades rip

Last week's low breaks

Last week's low breaks

USD/CAD is on the move as risk appetite improves and commodity prices rise. The pair is now at the lowest since April 2018.

The fall in the last hour has been swift after a slow bleed earlier today.

The short-term level that could spark some stops is 1.27, which is only a couple pips away.

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