Tuesday, 23 June 2020

USD/CAD Reversal from March Low Unravels as RSI Retains Bearish Trend

The USD/CAD reversal from the March low (1.3315) may continue to unravel as the RSI fails to break out of the bearish formation carried over from the previous month.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...