Canadian Greenback Outlook Deteriorates after January BOC Charge Resolution
USD/CAD Charge Forecast Overview:
- A stark change in tone from the BOC from simply earlier this month caught merchants abruptly, sending the Canadian Dollar tumbling throughout the board.
- USD/CAD charges have entered a short-term reversal situation, though the longer-term outlook stays clouded due to a key technical growth on the finish of 2019.
- In line with the IG Client Sentiment Index, USD/CAD charges have a bearish buying and selling bias.
Recommended by Christopher Vecchio, CFA
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