USDCAD is trading in a bear triangle setup. The breakout of the triangle will confirm the bears control over the market.
USD/CAD gaps lower ahead of the Federal Reserve interest rate decision on August 1, with recent price action raising the risk for a further decline in the exchange rate as the bearish momentum appears to be gathering pace.
USD/CAD gaps lower ahead of the Federal Reserve interest rate decision on August 1, with recent price action raising the risk for a further decline in the exchange rate as the bearish momentum appears to be gathering pace.