Following the Fed's surprise rate cut, we expect a decline in the dollar. The rise brought by last week's non-farm payrolls and hourly earnings creates a selling opportunity. We expect a gradual decline towards the 1.31 level in USD/CAD. You can follow the analysis for intermediate levels and the correction movements we anticipate. Intermediate level updates will follow
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.