Monday, 3 August 2020

USD/CAD Rate Reverses Ahead of June Low as RSI Breaks Out

USD/CAD appears to reversing course following the failed attempt to test the June low (1.3315) as the RSI breaks out of the downward trend established in July.

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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...