The file initially posted on 11 June 2020 for this Corrigendum to the Recommendation was replaced on 17 July to correct a minor typographical error in the ...

USD/CAD aims to break above 1.3800 as investors expect the BoC to cut interest rates by 50 bps on Wednesday. The Canadian economy needs more stimulus to uplift overall demand and job growth.

The USD/CAD pair may find the barrier around the upper boundary of the ascending channel at the 1.3870 level. The 14-day RSI signals an overbought condition, suggesting that a potential downward ...