RTTN:Greenback Drops To 4-day Low Against Canadian Dollar
The US dollar fell to a 4-day low of 0.9940 against its Canadian counterpart around 5:20 am ET Tuesday, compared to yesterday's close of 0.9966.
The USD/CAD pair pulled back after having challenged its 50 percent retracement level at 1.0040 last week and is now hanging in its 38.2 percent retracement level at 0.9945.
Further selling pressure could lead the pair re-test the 0.9830 support, its 23.6 percent retracement level between a high in June and a low in September.
