USDCAD Chart Technical Outlook

USDCAD Chart Technical Outlook trades in a broad corrective pattern, building a lower leg. The pair has the potential to go lower on continued risk-on sentiment, and DXY bounced lower after the rally that was gauged from Logan’s hawkish comments. Powell’s comments today have much waited to figure out the Fed sentiment. S: 1.3445, 1.3415. R: 1.3525, 1.3570.

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