Thursday, 10 December 2020

USD/CAD Forecast: Post-BoC Breakdown Keeps RSI in Oversold Zone

USD/CAD snaps the range bound price action from earlier this week, and the RSI warns of a further decline in the exchange rate as it holds in oversold territory.

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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...