Friday, 26 February 2021

USD/CAD Rate Rebound Emerges Following Bullish Outside Day Formation

USD/CAD appears to be on track to test the 50-Day SMA (1.2725) after carving a bullish outside day (engulfing) candlestick formation.

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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...