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USDCAD bias remains lower, but low today can't take out yesterday's low

USDCAD bias remains lower, but low today can't take out yesterday's low
The USDCAD is currently experiencing a dip in its trading value, with the lowest price point registered during early European trading hours. However, this decline halted at the same low point observed on May 10 and did not manage to reach the lowest price witnessed after the Bank of Canada's rate hike yesterday. The lowest recorded price today was 1.3334, failing to reach yesterday's low of 1.3319, which itself fell short of the May 8 low of 1.13132.The Bank of Canada increased its rates by 25 b... Read More
Posted: Jun 8 2023, 17:27
Author Name: forexlive
Views: 092118

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