USD/CAD closing down on the key short-term resistance area
2020-01-22 22:54:52
The USD/CAD has burst higher today on the dovish Bank of Canada (BoC) monetary policy statement. Compared to this morning’s price, USD/CAD trades more than 100 pips higher. The pair is now approaching the key short-term area at $1.3160, where the 2-year ascending trend line and the 200-DMA intersect. Watch the reaction closely for future clues.