Canadian dollar staged a sharp rally yesterday after BOC deputy governor Carolyn Wilkins said that the bank will assess whether all the stimulus that they have in place is still needed. She was upbeat on economy while brushing aside housing worries.
USD/CAD traded down to 1.3325 by the end of the day and is following thorough today. April low (1.3225) is the initial support before stronger one at 2016 - 2017 channel bottom (1.3150 - 1.32). Broken 200 and 100 DMA should as resistance levels in ca…
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