USD/CAD Slumps Ahead Of Bank Of Canada Rate Statement

Discussion in 'Technical Analysis' started by Kaitlin, Jul 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    As crude oil rallied by more than 4% on Tuesday, the oil-linked Canadian dollar surged against a weaker US dollar, pressuring USD/CAD to dip back down below the key 1.3000 psychological level. Looking ahead, the currency pair could see some heightened volatility on Wednesday morning due to the Bank of[​IMG]

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