Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
The USD/CAD pair retests its February’s lows
The release of the BOC business outlook survey came out positive and strengthened the CAD. USD/CAD has tested the lows of the last February at 1.3068. The next support lies at 1.2988. From the upside, the first resistance is placed at 1.3125, the next one is at 1.3168.
The European central bank will publish the main refinancing rate and make a statement on Thursday, July 16, at 14:45 MT time. Also, the ECB’s press conference will be later at 15:30 MT time.
Optimism about the Moderna vaccine improved the market sentiment. Let’s have a closer look, what’s happening today.
The Canadian central bank will announce interest rates and make a speech on Wednesday, July 15, at 17:00 MT time. Also, the BOC press conference will be later at 18:15 MT time.