USDCAD has gone up for early last week but the upside was very limited. It was closed a little higher level than beginning of the last week.Analyzed level is higher than the latest USDCAD, and the trend & momentum indicates downward in next week.
Remarkably, some of major European currencies EUR, GBP or CHF have been shoot down by ECB cutting the interest rate particularly. On the other hand, EURCAD or EURAUD have marked the lowest level in 11 months and 15 months respectively.
AUD is a contrast in the market consensus to EUR as Australian interest rate is expected higher. (Australian Dollar cash rate at 2.50% more than 12 months)
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