USDCAD has become impulsive after rejecting the 1.3140 event level. USDCAD found resistance may decline further.
USDCAD has become corrective but still maintained the price below 1.37 area. USDCAD volatility increased as the BOC interest rate going to release.
USDCAD aptly portrays the recent declines of the US Dollar (USD) and recovery in oil prices as it dips to 1.3300 before Thursday’s European session begins.
USDCAD price struggled to build on its attempted intraday up-move and is currently placed in the neutral territory, albeit managed to hold well Friday's swing low.