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USDCAD Technical Analysis - Awaiting a big breakout

The miss in the US CPI report last week has led to a broad US Dollar weakness as the market anticipated one last hike at the July FOMC meeting. The falling inflation with a resilient labour market have also strengthened the soft-landing narrative and caused a positive risk sentiment in the markets. This week though, the higher than expected Retail Sales (Control Group) and the much better than expected US Initial Claims gave the USD some support and the weakness after the miss in the CPI was alm... Read More

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Content Topics

Usdcad

Technical

Analysis

Awaiting

Breakout

Forex

Posted: Jul 21 2023, 06:02

Author Name: forexlive

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