MarketsFN Team
USDCAD down by 0.54% to 1.3158, with the Bank of Canada increasing rates by 0.25% in line with the expectations. Next support below 1.3117 area 1.3. Possible formation of a double bottom if support would held with development of a trading range 1.3117 -1.34
RSI(14) not oversold yet, while volatility (20) has reached a 2023 low.
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