USD/CAD Outlook (11 April 2022)
Overall, USD/CAD have been trending down, have tested and rebounded strongly off key level 1.2450.
There has been news that "All six of Canada’s major commercial lenders now expect the Bank of Canada to move ahead with a jumbo rate hike next week."
If the BoC increases rates by 50 basis points, from 0.5% to 1%, look for selling opportunities below 1.2610 towards support zone of 1.2450
There has been news that "All six of Canada’s major commercial lenders now expect the Bank of Canada to move ahead with a jumbo rate hike next week."
If the BoC increases rates by 50 basis points, from 0.5% to 1%, look for selling opportunities below 1.2610 towards support zone of 1.2450
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