BOC Decision Looms
As it is expected that the Bank of Canada will leave rates on hold, traders are already on the move. Both CADUSD SMI and MACD are on the decline, indicating money and momentum moving out of the currency pair.
Furthermore, the pair has great difficulty breaking through its 10-Day EMA (green), indicating a lack of momentum to push prices higher.
CADUSD is moving lower, with the next stop at CADUSD = 0.7329534
Furthermore, the pair has great difficulty breaking through its 10-Day EMA (green), indicating a lack of momentum to push prices higher.
CADUSD is moving lower, with the next stop at CADUSD = 0.7329534
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