The Canadian Dollar dropped rapidly against the USD and all major currencies, as investors speculate the Bank Of Canada to change monetary policy in the second half of this year. The long term direction in the pair is unclear and it's mostly ranging for the past months. Looking for a short- term reversal upwards is possible, with a stop loss rate around 1.0260. Overall, USD/CAD traded with a low of 1.0281 and with a high of 1.0440. Today, Leading Indicators data is expected at 0.50% vs. 0.90% previous.

USD/CAD - Last: 1.0387

Resistance

1.0443

 
 

Support

1.0358

1.0276

 

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