USD/CAD Price Analysis: Bulls failed to break out, but Inverse H&S could now be the ticket By ross_burland USDCAD Technical Analysis
, the bulls came out in force and took the price higher, but as illustrated below, the bears are putting up a fight. It was illustrated that the bulls will be keen on the discount and to take the price higher.The price rallied but was met with supply at the start of the new week, despite a dip in the price of oil:
''We don't expect this report to derail the BoC in March as the Bank should have incorporated near-term weakness into its latest projections,'' analysts at TD Securities argued, ''We continue to look for four rate hikes in 2022, with balance sheet runoff starting in April.'' If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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