Thursday, October 15, 2026

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USD/CAD let down by lower probability of March 4 BoC cut

Shift in sentiment fuelled by less dovish than expected Poloz 1.2442 = low water-mark since Tuesday's pre-Yellen/Poloz high of 1.2662 1.2422 = Feb 20 low, before awful Canadian Dec retail sales data Resistance level at 1…

By Meredith J C Warren
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Shift in sentiment fuelled by less dovish than expected Poloz

  • 1.2442 = low water-mark since Tuesday's pre-Yellen/Poloz high of 1.2662

  • 1.2422 = Feb 20 low, before awful Canadian Dec retail sales data

  • Resistance level at 1.2478 (Tuesday low). 1.2498 = Asia high

 

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By FxWirePro Team