Wednesday, 3 March 2021

USD/CAD Recovery Unravels Amid Failure to Hold Above 50-Day SMA

USD/CAD may continue to give back the advance from the February low (1.2468) as the exchange rate trades back below the 50-Day SMA (1.2718).

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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...