USDCAD Technical Analysis: Key Breakdown Below 1.35 Amid Strong Oil Prices and BoC Rate Pause
Over the past three trading days, USDCAD has demonstrated a clear downtrend, falling from a high of 1.35775 to yesterday’s closing price of 1.34953, marking a 15-month low. This decline is mainly driven by a strong rebound in oil prices, the Bank of Canada’s decision to keep interest rates unchanged, and a weakened USD. News highlighting a ‘USD/CAD crash to 1.3500’ and bullish oil prices have shifted market sentiment toward the Canadian dollar. For the average investor, this means th












