FOREX LATEST RESEARCH & Analisis l USD/CAD SEEMS SAFE TODAY.
While ECB and BoE meetings are today's main focus, we are looking for a currency pair that would behave technically in this week's fundamental environment. Although USD/CAD isn't prefect in macro data terms, it has moved in a good technical frames so far. After a large, 500 pip rally, being a result of the Canadian economic slowdown and dovish shift in the Bank of Canada language we have a first major stop on the chart. On a daily timeframe we approached 21 DMA from above and first, local, support area where a base has been built..
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