USD/CAD has risen by more than 60 pips

USD/CAD has risen by more than 60 pips

The Canadian dollar weakened significantly after the monetary policy decision by the Bank of Canada. Bulls broke the resistance at 1.3144 on H4 and pushed the price above it towards the 100-period SMA and the 1.3174 level.  From the downside, the key levels in bears’ focus will be at 1.3077, 1.3067 and 1.3054.

USDCADH4.png  

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