Wednesday, 10 November 2021

USD/CAD Rate Outlook Mired by Bear Flag Formation

A bear flag formation has taken shape in USD/CAD as the exchange rate struggles to trade back above the 200-Day SMA (1.2472).

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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...