Overall, USD/CAD is ranging across. Recently, USD/CAD broke below the key level of 1.27.
Bank of Canada Governor Macklem will be holding an online press conference about the Economic Progress Report later at 0030 (GMT+8). During this time, there may be volatility in CAD.
During the monetary policy meeting yesterday, the Bank of Canada (BoC) hiked interest rate by 0.25%.
Currently, USD/CAD is bouncing off the support zone of 1.26100 and its next resistance zone is at 1.29200.
Look for short-term buying opportunities of USD/CAD.
Bank of Canada Governor Macklem will be holding an online press conference about the Economic Progress Report later at 0030 (GMT+8). During this time, there may be volatility in CAD.
During the monetary policy meeting yesterday, the Bank of Canada (BoC) hiked interest rate by 0.25%.
Currently, USD/CAD is bouncing off the support zone of 1.26100 and its next resistance zone is at 1.29200.
Look for short-term buying opportunities of USD/CAD.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my mailing list jindaotai.com/joinme
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.