USD/CAD Price Setup: •USD/CAD tests key Fibonacci levels. •Price action eyes BoC decision. •Double bottom formation keeps bears at bay. The Canadian Dollar continues to trade within a well-defined range ahead of the Bank of Canada (BoC) interest rate decision on Wednesday. Despite recording a 7.2% increase in home sales for December 2020, the Loonie continues to take strain as an increase in Covid-19 related cases has resulted in fresh lockdown measures, hindering prospects of a swift economic recovery. Although USD weakness helped buoy the demand for the CAD, the approval of an additional $1.9 Trillion of US Fiscal ... (full story)