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.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Buy | |
| Donchian Channel | Buy | |
| MA(200) | Sell | |
| Fractals | Neutral | |
| Parabolic SAR | Buy |
| Order | Buy |
| Buy stop | Above 1.4167 |
| Stop loss | Below 1.4011 |
Market Analysis provided by IFCMarkets