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USD/CAD is on the verge of a breakout ahead of Powell and Macklem
USD/CAD is surging into Powell's testimony and tomorrow's Bank of Canada decision but the pair is now facing a series of resistance levels stretching up to the December high of 1.3705.
If that level gives way -- especially if it's with a hawkish Powell and dovish Macklem -- them it could be a green light for another test of 1.40.
At the same time, there's risk of disappointment in Powell and Macklem won't want to sound too dovish so there's also a risk of a reversal. In any case,... Read More
Posted: Mar 7 2023, 14:49
Author Name: forexlive
Views: 082123