Bank of Canada Rate Decision: USDCAD stays steady. Traders await the next break. ...Middle East

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We are waiting....The Bank of Canada's recent rate decision has not significantly impacted the price movement in either direction. On the downside, the key level to watch is the 100-hour moving average, currently at 1.35497. A breach below this point could lead traders to aim for the 200-day moving average, located at 1.35156. Conversely, on the upside, the immediate targets are the 100-day moving average at 1.35738 and the falling 200-hour moving average at 1.3577. Overcoming these levels could enhance the bullish sentiment, with the next focus being the 38.2% retracement of the downward movement from the November 10 high, which stands at 1.36224. This article was written b

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