The USDCAD is higher on the day (lower CAD)which runs counter to the other major currencies. The BOC does meet this week with calls for a cut from the central bank. That may be helping the pair move higher. The other driver is the pair bounced off support targets at session lows.
In this video, I explain the technicals in play to and through that rate decision on Wednesday.
This article was written by Greg Michalowski at www.forexlive.com.
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