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The USD/CAD currency pair has experienced significant volatility following the Bank of Canada's decision to cut interest rates. Initially, the USD/CAD dropped as the rate cut was anticipated by the market. However, the pair saw a substantial bullish move, reaching 1.36074 within 15 hours. Despite this upward movement, USD/CAD remains below the 38.2% retracement level of the August trend move lower.
USDCAD trading down and up but stays below the 38.2% of the August trend move lower https://t.co/j5GTc9TTzV
USDCAD at inflection point https://t.co/A35sw71Y6F
USDCAD experienced a very large 15 hours bullish move to 1.36074 More details here https://t.co/yjvYx564wW 62% of retail CFD accounts lose money. https://t.co/kPaC92hNDc https://t.co/4BsrSQxupM
