USDCAD trades higher after support targets held. BOC rate decision this week.
globalreutersJune 3, 20241 Mins read The USDCAD is higher on the day (lower CAD)which runs counter to the other major currencies. The BOC does meet this week with calls for a cut from the central bank. That may be helping the pair move higher. The other driver is the pair bounced off support targets at session lows.
In this video, I explain the technicals in play to and through that rate decision on Wednesday.
This article was written by Greg Michalowski at www.forexlive.com.
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