The BoC monetary policy decision will be announced on Wednesday. The Bank of Canada is widely expected to keep interest rates on hold this week.
The USDCAD pair is currently trading above the major support level of 1.3287. As long as the pair stays above 1.3287 on a daily basis, we will follow 1.3344 as a key resistance level. On the other hand, if the price falls below 1.3287, we will see the next support level at 1.3233.
Support : 1.3287 - 1.3233 - 1.3181
Resistance : 1.3344 - 1.3410 - 1.3466
02 Dec 19 (Mon)
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