The BoC rate decision announcement today caused a 100 pips drop and USD/CAD is back to testing 1.2950. I think that if there's a breakout below that level it will continue dropping towards 1.2900 - 1.2870.
The pair also formed a shooting star candlestick on the four-hour time frame below the resistance at 1.3095, but the pair is still consolidating sideways. Time will tell whether these signals are valid or not.
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