Canadian Dollar weakness has showed after the BoC rate decision yesterday, leading to another push above the 200DMA in USD/CAD. That move has pulled back before a re-test of the high, and price is now approaching a support test at a confluent area on the chart where the 200-day moving average is currently placed. CAD/JPY, on the other hand, has held resistance at a key spot on the chart which has held the highs for a year-and-a-half. This is just above the 110.00 psychological level, and this would be the fifth separate resistance test at that zone. The Bank of Canada hinted that it’s done with rate hikes at this ... (full story)