USD/CAD could be worth keeping an eye on over the coming days as traders may likely see added volatility on the back of this week’s economic data, the BOC’s interest rate decision, and the recent volatility in the oil markets.
The pair has been moving lower since mid-May, with losses accelerating over the last few days. It is currently hovering either side of 1.2650, and it will be interesting to see whether it has the ability to bounce from this key level or break below.
Check out this article on USD/CAD for a deeper insight and technical analysis: