-
Canadian Dollar Short-term Outlook: USD/CAD Fed Battle Lines Drawn
The US Dollar is holding a well-define range against the Canadian Dollar with USD/CAD testing holding just below technical resistance ahead of today’s highly anticipated Federal Reserve interest rate decision. Battle lines drawn on the USD/CAD short-term technical charts heading. Technical Outlook: In my last Canadian Dollar Short-term Outlook we noted that, “A two-week recovery off support takes USD/CAD into initial resistance hurdles here- risk for topside exhaustion / price inflection in the days ahead. From at trading standpoint, losses would need to be limited to the weekly low IF price is heading higher on ... (full story)