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USD/CAD runs into key resistance level, stays in search of a breakout move

USD/CAD runs into key resistance level, stays in search of a breakout move

You would think that with the BOC moving to the sidelines, the loonie would've struggled much more but against the dollar, it isn't so much so the case as the greenback also experienced a weaker January mostly. But as the tides turn this week, we are seeing the pair bounce off a double-bottom pattern just below 1.3300 to run up against its 100-day moving average (red line) once again at 1.3515.

Buyers need to break... Read More

Posted: Feb 17 2023, 10:59
Author Name: forexlive
Views: 102094

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