USD / CAD – Slips Amid Rising Oil, Steady Fed Rate, Taper View

USD / CAD falls 0.3296 at 1.2360, Wednesday’s range 1.2416-1.2355

Pair hit new 2021 low 1.2355, probes Iwr 21-  m support by 1.2359 Upbeat global growth vibe, lifts oil (CLC1 +2.196);  exp’d Fed hold boosts CAD

BoC eyes early taper, rate rise, diverges from current steady Fed narrative Monthly cls sub-1.2359 favors further USD dip, next supt Jan ’18 low 1.2250

USD bulls need to regain 10DMA 1.2483 to slow slide  , abv cloud (1.2621) bulls re-gain control

Source: https://plus.efxdata.com/news/insights

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