USD/CAD Price Analysis: Looks vulnerable above 1.3160 – by Sagar_Dua24 USDCAD BOC Fed SupportResistance Inflation
Index seems restricted due to easing inflationary pressures in the United States economy.
Meanwhile, there is some strength in the Canadian Dollar despite inflationary pressure in Canada has eased further. June’s core Consumer Price Index reported monthly disinflation by 0.1% against expectations of 0.5%. This would allow the Bank of Canada to keep interest rates steady ahead.has faced selling pressure to near the 20-period daily Exponential Moving Average at 1.3230 after attempting a recovery move from around 1.3100.
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