USD/CAD managed to get above the resistance at 1.3400 and is trying to get to the test of the next resistance at 1.3450.
The Canadian dollar weakened to a seven-week low against its U.S. counterpart on Friday as rising economic and political uncertainties raised demand for safe-haven currencies, with the loonie losing ground for the third straight week. The currency touched its weakest intraday level since Aug. 4 at 1.3418. "Risk sentiment this month is not doing so well," said Mazen Issa, a senior FX strategist at TD Securities.
Based on the early price action, the direction of the December U.S. Dollar on Friday is likely to be determined by trader reaction to 94.225.