Forex technical analysis: USDCAD tests yesterday’s tumble low.
Seeing a modest bounce off the lows. Ivey PMI moves lower this month
The USDCAD fell sharply and quickly yesterday after the BOC "surprised" the market (it was a 41% chance), with a 0.25% rise to 1%. The price tumbled about 275 pips in the first minute. That’s a huge move – especially since the pair