Description
⋅ Big moment for USDCAD.
Will the BoC mention rate cuts this Wednesday?
Will the Fed pause rate cuts this Wednesday?
If both of these fundamental events occur simultaneously, USD will likely significantly strengthen against the CAD.
If neither or one of these events occur, technicals still seem to support a temporary move higher.
Paired with multiple variations of RSI divergence indicators triggered, this is a pivotal moment.