Fundamental OverviewThe USD has been generally under pressure since the benign US CPI report last week as the hawkish expectations subsided and the market switched its focus from inflation back to growth. This triggered a positive risk sentiment which is generally negative for the greenback.The CAD, on the other hand, got pressured from the weaker than expected Canadian CPI figures which raised the chances of a rate cut in June (although it remains basically a coinflip). If the positive risk sentiment were to continue though, we might see the CAD gaining ground against the USD anyway. USDCAD Technical Analysis – Daily TimeframeOn the daily chart, we can see that USDCAD bounced from the key s
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