USDCAD has traded into resistance prior to the CAD Bank Of Canada rate decision, which decides whether to increase / decrease / hold interest rates. Technically the pair is at a resistance pivot, and the RSI is giving a bearish signal. We are looking for downside to support.
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.