Canadian Greenback Speaking Factors:USD/CAD Reacts at ResistanceFinal week was stuffed with Canadian drivers serving to to mainta
Canadian Greenback Speaking Factors:
USD/CAD Reacts at Resistance
Final week was stuffed with Canadian drivers serving to to maintain USD/CAD on the transfer. The Wednesday BoC rate decision saw a surge of CAD-strength because the financial institution side-stepped the subject of charge cuts. After which on Friday, a disappointing set of Canadian employment numbers brought back an element of CAD-weakness, permitting for USD/CAD to push-up for a re-test of resistance in a key zone on the chart, plotted from 1.3250-1.3270. This similar zone had beforehand come-in as short-term assist however this space held the highs by means of final week’s shut and into this week’s open as international markets stared down a somewhat brisk financial calendar that includes the Fed and ECB.
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Dec 12
( 18:12 GMT )
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