USDCAD tests the 200 hour MA ahead of BOC rate decision | EdgeTradings

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USDCAD tests the 200 hour MA ahead of BOC rate decision


The 200 hour MA stalls the fall. BOC decision at 10 AM Traders have stuck a toe in the water (profit taking perhaps) ahead of those levels and also the Bank of Canada decision at 10 AM ET. The BOC is expected to tapered by 1B/week to 2B/ week. The overnight rate is expected to remain

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