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USDCAD Technical Analysis - Bullish bias intact but watch out for a pullback

USDCAD Technical Analysis - Bullish bias intact but watch out for a pullback
The Fed hiked interest rates by 25 bps as expected and kept everything else unchanged. Fed Chair Powell just reaffirmed their data dependency and kept all the options on the table. The economic data since the FOMC meeting has been supporting the soft-landing narrative as the labour market data remains strong and the inflation data keeps missing expectations. On the other hand, the BoC hiked rates by 25 bps as expected at the last meeting as the central bank doesn’t like the persistently high und... Read More
Posted: Aug 2 2023, 09:08
Author Name: forexlive
Views: 080832

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