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Intraday Analysis – CAD recoups losses

Intraday Analysis – CAD recoups losses
USDCAD grinds major support The Canadian dollar soared as the BoC resumed its tightening campaign with another 25-basis point rate hike. A drop below 1.3500 has broken the pair’s upward momentum and prompted short-term bulls to bail out. The double bottom at 1.3320 on the daily chart is a critical floor to keep the greenback […] The post Intraday Analysis – CAD recoups losses appeared first on Orbex Forex Trading Blog... Read More
Posted: Jun 8 2023, 06:50
Author Name: orbex
Views: 102683

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