The Canadian Dollar’s Resilience: A Tale of Resistance and Inflation The Canadian Dollar (CAD) is showing signs of life, with its rebound against the US Dollar (USD) approaching a critical juncture. Societe Generale analysts highlight a fascinating dynamic, where the USD/CAD pair is bouncing back after touching its January lows, but the real story lies in the potential resistance it faces. Resistance at the 200-DMA: A Make-or-Break Moment What makes this scenario intriguing is the 200-day moving average (DMA) at 1.3815. This level acts as a pivotal point, where the CAD’s rebound could either solidify or falter. If the (Read more…)
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