USDCAD Analysis: Bank of Canada rate cut bullish for USDCAD

March 30, 2020

By IFCMarkets

Bank of Canada rate cut bullish for USDCAD

Bank of Canada cut interest rates on Friday by a half percentage point to 0.25 percent. This is bullish for USDCAD.

IndicatorVALUESignal
RSINeutral
MACDBuy
Donchian ChannelBuy
MA(200)Sell
FractalsNeutral
Parabolic SARBuy

 

Summary of technical analysis

OrderBuy
Buy stopAbove 1.4167
Stop lossBelow 1.4011

Market Analysis provided by IFCMarkets