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USDCAD consolidates as CAD bulls take a breather, what next?

by Joel Frank
26 October 2021
in Forex
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The drop in USDCAD has lost momentum in recent sessions as CAD bulls take a breather and technicals/positioning become a little stretched. The immediate market focus will be on Wednesday’s BoC meeting and Friday’s monthly GDP numbers, but thereafter focus will remain on whether energy prices can continue to drive the loonie higher.

For more trading details, please check the hyperlinks with time stamp indicated from the video:

0:16 USD/CAD

Tags: BoCCrude oilUSDCAD
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