Canada PM Trudeau: It's a good day for Canada

It's a good day for Canada, Prime Minister Trudeau reportedly said while leaving for Cabinet meeting on NAFTA, according to Reuters and added further that he will speak more about the deal on Monday. 

The Canadian dollar picked up a strong bid in Asia on news of NAFTA deal. The USD/AD dropped to a 4.5-month low of 1.2813 earlier today and was last seen trading at 1.2834. 

 

USD/CAD Technical Analysis: Off 4.5-month low, the pair is respecting oversold 1H RSI

Hourly chart Spot Rate: 1.2831 Daily High: 1.2888 Daily Low: 1.2812 Trend: Oversold Resistance R1: 1.2869 (200-day moving average) R2: 1.2884
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NAFTA is now USMCA, Trump to sign new deal at November end: Official - Reuters

The new North American Trade deal will be called the United States-Mexico-Canada agreement, a senior Trump administration official said on Monday, acc
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