USD/CAD Outlook (6 April 2022)
Overall, USD/CAD have been trending down, have tested and rebounded the key level of 1.2450. Currently at 1.2497 expect continual volatility at this level.
There has been news that "All six of Canada’s major commercial lenders now expect the Bank of Canada to move ahead with a jumbo rate hike next week."
Look for short term selling opportunities as price remains below 1.2500
There has been news that "All six of Canada’s major commercial lenders now expect the Bank of Canada to move ahead with a jumbo rate hike next week."
Look for short term selling opportunities as price remains below 1.2500
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