At the hourly timeframe, we could see the price at an intraday potential intra-support (demand) zone. From the right we could see some bullish reaction anytime the price comes to the zone. I am speculating for a buy or we could see some selloff below the level because the US Dollar started the week with some losses.
Fundamentally the BOC Governor says they plan to tackle the Canadian Dollar losses against the US Dollar. They don't want to see further depreciation of the country's currency
Fundamentally the BOC Governor says they plan to tackle the Canadian Dollar losses against the US Dollar. They don't want to see further depreciation of the country's currency