Friday, October 16, 2026

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USD/CAD lent support by unchanged BoC rate judgment expected on Wednesday

Event risk of this week's BoC meeting is helping weigh on CAD Trading range for the pair is 1.2555- 1.2646 Unexpected BoC rate cut on Jan 21 hit CAD hard Near term resistance at 1.2667 and 1.27 WTI at USD 52.50/barrel, 9…

By Earlence Fernandes
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Event risk of this week's BoC meeting is helping weigh on CAD

  • Trading range for the pair is 1.2555- 1.2646

  • Unexpected BoC rate cut on Jan 21 hit CAD hard

  • Near term resistance at 1.2667 and 1.27
  • WTI at USD 52.50/barrel, 90 cents higher on day  

 

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By FxWirePro Team