The USD/CAD downtrend of the past month stays intact but there are several indications that a test reversal may be inside the offing.
When the Bank of Canada (BOC) eliminated its bond purchase program on Wednesday–markets had expected a 50% reduce in the last C$2 billion–the loonie did now not rally.
When the Bank of Canada (BOC) eliminated its bond purchase program on Wednesday–markets had expected a 50% reduce in the last C$2 billion–the loonie did now not rally.